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Qualitative Market Research : The Complete Guide

Qualitative market Research

Content Index

What is Qualitative Market Research?

Qualitative market research methods and techniques, 4 types of qualitative market research testing methods, examples of qualitative market research.

  • Ethical Considerations for Qualitative Market Research?

What are the Applications of Qualitative Market Research?

Advantages of qualitative market research, disadvantages of qualitative market research, online qualitative market research software- questionpro communities.

Qualitative market research is an open ended questions (conversational) based research method that heavily relies on the following market research methods : focus groups, in-depth interviews, and other innovative research methods. It is based on a small but highly validated sample size, usually consisting of 6 to 10 respondents .

The small size enables cost saving, while the “importance” of the samples and the lack of a defined questionnaire allows free and in-depth discussion and analysis of topics. Usually, the discussion is directed by the discretion of the interviewer or market researcher. You can use single ease questions . A single-ease question is a straightforward query that elicits a concise and uncomplicated response.

It is always better to have more heads than one. By canvassing a group of respondents for ideas and competence the quality of the data that is obtained is far more superior. This concept is known as crowdsourcing, derived from the two words “crowd” and “outsourcing”.

LEARN ABOUT: Perceived Value

Qualitative market research is most frequently used in political campaigning to understand voter perception of political candidates and their policies, interviewing business leaders and diving deeper into topics of interest, psychological profile studies and so on.

Qualitative market research is a relatively less expensive method to understand 2 critical factors in details – “what” the respondents think and feel about a certain topic and “why” they think and feel that way.

LEARN ABOUT:  Market research industry

qualitative market research

Why do we ask for an opinion? Any opinion for that matter? We ask because the person’s opinion matters to our decision making. None of the successful organizational decisions are made through mere guesses or speculations, but through real information gathered from real and valuable people.

Market research , in general, has played a critical role in inducing a thought process in present day’s organizational leaders where information and data dictate policies and decisions.

However, in market research design , not all information is just numbers and quantitative research . Some are just – conversational and qualitative!

LEARN ABOUT: Research Process Steps

Remember the super hit series Desperate Housewives? And do you remember the lovely housewives calling their friends over for a cup of tea or a couple of drinks to discuss the flashy new products they have bought?

It is not just a vague practice to flaunt these products but a thoughtful one because it matters what the friends think. Whether, they agree or disagree with the quality, brand and other features of those products. It matters what people think. Voila! Welcome to the world of qualitative market research.

Qualitative market research is all about understanding people’s beliefs and point of views and what they feel about the situation and what are the deciding factors that influence their behavior.

LEARN ABOUT: Marketing Insight

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To conduct qualitative market research usually, one of these market research methods are used:

  • Focus groups: As the name suggests, a group of people comprising usually of  6-10 members are brought together to discuss a particular product and its market strategies. Usually, experts in that particular field will comprise of the group. This group will have a moderator who will stimulate the discussion amongst the members to derive opinions. Since the focus groups are becoming a rare occurrence, platforms like Communities is on the rise.
  • In-depth Interviews: It is usually a one-on-one interview method conducted with a group of people, either face to face or over the telephone. This method is more conversational and asking open-ended questions helps gather better data.
  • Innovative research methods: In this method, the researcher can click photographs of the person who is answering the questions or can even record their videos. Observing these photographs or videos later would tell the researcher about their responses/reactions to various situations.
  • Observations or “Shop-alongs”: Qualitative Observations or shop-alongs are now becoming an increasingly used research method in qualitative market research. This method allows the researcher to observe from afar and actually see how a consumer reacts to an actual product and purchase experience. This mitigates the scope to be dishonest with feedback or even forget about the shopping experience at a later stage.

LEARN ABOUT: Qualitative Interview

  • Lifestyle Immersion: A newer method of conducting qualitative market research is attending a social or family event that user/s are at and collecting feedback. This helps with the getting feedback from users when they are in a comfortable environment. This is a great way to collect candid feedback in a comfortable environment.
  • Online Focus Groups: With the ease of access to social media, online focus groups are becoming easier to manage. It is easy to recruit people to a focus group based study and even manage data collection and analytics.
  • Ethnography: Ethnographic research is the process of being in an end user environment and seeing the user indulge with a product in a real-life example. This qualitative research method is best positioned to help create immediate and impactful product tweaks.  
  • Projective Techniques: Projective techniques are conducted by trained moderators who uncover hidden thoughts of the respondents. The questions or questioning methods are of an indirect nature and the moderator then deduces and uncovers underlying feelings that aren’t explicitly mentioned.  
  • Online Forums: Online forums is now becoming an increasingly preferred way of conducting qualitative market research. Members in a panel are brought onto a common platform to discuss a certain topic and the moderator ensures the discussion is driven in the direction of the outcome required. The moderator probes, asks the right questions and coerces to ensure a thorough discussion is conducted.
  • Online Sentence Completion and Word Association: One of the easier but exhaustive nature of completing qualitative market research is to get respondents to match words that may be related to a product or even complete sentences online and this provides a deeper insight into the thoughts of the user.

Learn more about qualitative research methods 

Here are the steps involved in conducting qualitative market research:

  • Planning & Determining research objectives: Each research study needs to have a desired outcome at the outset so that the resources behind planning and executing are not wasted and it helps towards business agility.
  • Deciding the method to conduct the research: Qualitative market research can be conducted in many ways. Depending on the nature of the study, target audience demographics , geographical location, a product that is being surveyed etc., would the survey method be utilized.
  • Getting the right personnel for the job: Conducting a qualitative market research study requires moderators that know how to elicit and track responses from potential respondents.
  • Purposive Sampling : In this method, the sample is created with a purpose in mind. The contours of the demographics are planned well in advance and users that fit this criterion are onboard for the market research survey.
  • Quota Sampling: Quota sampling is the process of selecting samples from a given quota and the selected users are said to be a representative of the larger population. This can be a random sampling or put some qualifying criteria in.
  • Snowball Sampling:   Snowball  sampling model is based on a reference model. Users that match criteria are asked to refer users that they are personally aware of that match the criteria.
  • Survey design: The survey has to be designed in a way to elicit maximum value so that the responses received build towards robust and actionable feedback.
  • Data collection: The data collection can be done via online or offline methods. It is imperative to collect the data in such a way that sense could be made of it and it could be used to analyze and report.
  • Data Analysis: Data means nothing if it is not analyzed. Data that has been analyzed can give actionable insights for a product or brand to build on and this is imperative for a qualitative marketing research survey.
  • Reporting: Once data has been collected and analyzed, it has to be reported in an easy to consume format to the relevant stakeholders as a milestone in the market research process.

LEARN ABOUT: Steps in Qualitative Research

There are 4 distinct types of qualitative market research testing methods that can be conducted. They are:

  • Direct Exploration: This qualitative market research method is a no holds barred feedback method for a potential idea or product. This method is conducted where the users are told about the idea where no physical product is provided and all possible feedback is collected. This feedback is then collected and explored to form the basis of the new product.
  • Monadic Testing: This method evaluates feedback by providing users with one single idea, concept, feature or product and asks for feedback. In this method, despite there being multiple concepts available, other designs are not shown. This method is important to elicit individual piece of feedback about a desired feature or concept.
  • Sequential Monadic Testing: This testing method is similar to monadic testing because each concept, product or feature is shown one time. The only difference is that an alternate design to each concept is shown at the same time and feedback is collected on both from a user. This testing method is also called paired testing or paired nomadic testing.
  • Discrete Choice Testing: Discrete choice testing is like paired nomadic testing but the only difference is that all choices are provided at once, not sequentially and the users are asked to pick one feature over another and then explain their choice.

LEARN ABOUT: User Experience Research

Successful businesses tend to use qualitative market research to keep pace with the ongoing market trend analysis , to make better-informed decisions and to achieve business excellence.

Whether your business is a start-up or a well-established entity, qualitative market research is a powerful method to identify your target audience and understand how they will respond to your product.

Before we dig deeper here are some of the real-time examples of qualitative market research case studies:

  • AP, Norc and QuestionPro partner on geolocation exit polling app
  • Washington State Ferry

Some examples of business expansion where qualitative market research plays a critical role by crowdsourcing concrete ideas for optimized decision-making :

  • Branding : Many companies fail to understand how consumers perceive their brand or what is the brand positioning in comparison to their competitors.  The research is typically done by conducting interviews with customers or organizing focus groups to collect feedback on marketing content and collaterals. In this way, the surveyor can explore different topics in-depth and get feedback from the respondents. Using this market research method, brands can gather information that can help them upscale and reposition their brand better in the market. LEARN ABOUT: Brand health
  • Understanding the Consumer Behaviour: Sometimes, organizations/ companies/ entrepreneurs need more information about their consumer in order to place their product in a better manner.  To do so they might need information about their gender, age, marital status etc. Qualitative market research helps them gather such information. For understanding the consumer behavior conducting in-depth interviews is the best option, as these interviews are conducted on one to one basis a decent amount of information can be collected.
  • Measuring the reach of marketing activities: Many businesses go an extra mile to do a better job in promoting their brands. Here is where their marketing activities come into play.  Market research can provide organizations with information about their marketing effectiveness by gathering first-hand information on how consumers look at their marketing message. This helps organizations maximize their marketing budget.
  • Identifying new business opportunities: Market research helps organizations explore new opportunities leading to business expansion.  By gathering data through market research through focus groups, organizations can pin a location, understand business dynamics, know their key competitors etc., to grow their business in the right direction.
  • Getting insights on products: If a company comes up with a new product or looking to improve a current one, it is always better to take a market research in order to understand how acceptable is the product amongst the consumers.  When a product comes to the market people have an opinion about its shape, size, utility, color, features etc. Qualitative market research through in-depth interviews will help gather systematic data that can be later used to modify or make the existing product better.

LEARN ABOUT:  Market Evaluation

Employee Experience: Definition

Research ethics are as important as important as the ethics in any other research field. It is important to safeguard the participants’ interest. Like there is training and formal processes for researchers in other fields like in healthcare and medical research, market research is also governed by similar policies.

Due to the nature of qualitative market research, it is very important to have informed consent from a participant to be a part of the research study. This means that they are aware  of basic information like:

  • Nature of the research
  • Expected time of completion
  • If there are any sociological or physical risks or benefits
  • Will a monetary or remuneration in other form be present
  • Confidentiality protection
  • How will the name and other personal details be used
  • Any legal repercussions

Since this is a relatively less expensive and a more flexible method of market research there are a few applications of this market research methodology:

  • It helps to understand the needs of the customers and their behavioral research pattern.
  • What consumers think and perceive your product as.
  • To understand the efficiency of your business planning and also to know if the strategies and planning that you put in place are working or not.
  • What sort of marketing messages has a strong impact on the consumers and what just fall on deaf ears?
  • Whether or not there is a demand for your product or services in the market?

LEARN ABOUT:  Test Market Demand

Ultimately, qualitative market research is all about asking people to elaborate on their opinion to get a better insight into their behavioral pattern. It’s about understanding  “Why” even before “What”.

LEARN ABOUT: Behavioral Targeting

 Qualitative Market Research Advantages

  • It helps you gather detailed information: One of the major advantages of this market research method is that it helps you collect details information instead of just focusing on the metrics of data. It helps you understand the subtleties of the information obtained thus enabling in-depth analysis .
  • It’s adaptive in nature: This market research can adapt to the quality of information that is collected. If the available data seems not to be providing any results, the researcher can immediately seek to collect data in a new direction. This offers more flexibility to collect data.
  • It operates within structures that are fluid: The data collected through this research method is based on observation and experiences, therefore, an experienced researcher can follow up with additional open ended questions if needed to extract more information from the respondents.  
  • Helps communicate brand proposition accurately: Through this market research method, the consumers can communicate with the brand effectively and vice versa. Any product terminology, product jargons etc are effectively communicated as this research method gives a chance to the brand and the consumer to express their needs and values freely, thus minimizing any miscommunication.
  • It helps reduce customer churn : Consumer behaviors can change overnight, leaving a brand to wonder what went wrong. By conducting qualitative market research, brands have a chance to understand what consumers want and if they are fulfilling their needs or not, thereby reducing customer churn . Thus the brand-consumer relationship is maintained.

LEARN ABOUT: Market research vs marketing research

  • It is time-consuming: Qualitative market research can take days, weeks, months and in some cases even years to complete. This isn’t good to get quick actionable insights. In some cases, the premise with which the survey began may be non-existent due to market evolution.
  • It is expensive: Due to the time taken to complete, qualitative market research is extremely expensive. They are also expensive to conduct and create actionable insights because the data is humungous and people with certain research skill sets are required to manage the research process.
  • It is subjective: What one user may think could be very different from another. Due to this, there is no standardization of responses. This also means that the lines between true and false blur out to the point that each response is to be considered at face value.
  • No result verification: Data collected cannot be verified because in most cases in a qualitative market research, the data is based on personal perceptions. Hence for analysis, each opinion is considered as it is valid.
  • Halo effect: Due to the highly subjective nature of the research, the preconceived notion of the moderator or the person conducting the analysis skews the reporting of the research. It is human tendency to gravitate towards what’s known and it is very tough to get rid of this research bias .

LEARN ABOUT: Self-Selection Bias

With the increasing competition in the business world, the extensive need for business research has also increased. QuestionPro Communities is a qualitative research platform that is interactive, where existing customers can submit their feedback and also stay well informed about the market research activities, helps researchers undertake studies to maximize sales and profits. Through the communities platform, researchers can carry out research to effectively target and understand their customers, understand what is the market trend, prevent future research problems and thereby reduce customer churn .

This qualitative research platform helps in developing businesses to know their competitors and help identify the latest trends in the market. To carry out a well-directed research, businesses need a software platform that can help researchers understand the mindset of the consumers, interpret their thoughts and collect meaningful qualitative data .

QuestionPro Communities is the World’s leading platform for conducting analytics powered qualitative method . This online qualitative market research software helps researchers save their time, using niche technology like text analysis , where computers are used to extract worthwhile information from human language in an efficient manner, increase flexibility and improve the validity of qualitative research questions . This online platform help researchers reduce manual and clerical work.

QuestionPro Communities Qualitative Market Research Tools Includes:

Discussions

The online qualitative research software and tool, Discussions, allows a researcher to invite respondents to a community discussion session and moderate the focus group online. This can also be done live at a specific time that is convenient to the researcher and offer the users the flexibility to post responses when they login to their community. Invitations can be sent out well in advance to a specific target group the researcher would like to gather feedback from.

Online Qualitative Research Software

In case you are looking for respondents to share their ideas and allow others to analyze and offer a feedback and vote on the existing submissions, then this is a great tool to manage and present your results to the key stakeholders.

Online Qualitative Research Software

In this online community, you can submit topics, cast your vote in the existing posts and add comments or feedback instantly.

Online Qualitative Research Software

QuestionPro Communities is the only panel management and discussion platform that offers a seamless mobile communities experience. When it comes to engagement, how you reach respondents matter! Go mobile and take Discussions, Topics, and Idea Board anywhere your respondents go.

Feel free to explore our latest blog discussing practical examples of qualitative data in education – a valuable resource to deepen your insights into student experiences and learning dynamics. Why not give it a read and discover fresh perspectives for enhancing educational practices?

Learn about the other market research method: Quantitative Market Research

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A comprehensive guide to qualitative market research

Last updated

3 April 2024

Reviewed by

Grow your business

Understand the needs of your customers

Launch a new product

Expand into new markets

Meet any lofty goals you set for your business

The two research methods you can use to glean these insights are quantitative and qualitative. 

Quantitative research provides you with hard data you can use to find the size and scale of customer sentiment, discover causal relationships between variables, and support generalizations about macro-level populations.

Qualitative market research is an open-ended research method that looks at the reasons and motivations behind customer behavior, at the micro level. Qualitative market research gives you actionable insights you can use to improve everything from your customer service strategies to your products and services.

Market analysis template

Save time, highlight crucial insights, and drive strategic decision-making

qualitative market research business

  • What is qualitative market research?

Qualitative market research is an open-ended research method that studies people's behavior and motivations within a specific market. While quantitative research is about hard numbers and analytics, qualitative market research takes a more generalized approach. It focuses on small sample sizes to encourage in-depth analysis of individual customers’ experiences.

The conversational nature of qualitative research is designed to encourage in-depth discussion. For businesses, qualitative market research is a powerful way to understand customers' points of view, as well as their pain points and desires.

  • Why is it important to do qualitative market research?

Whether you are a CEO or a project manager, the thoughts and feelings of your customers should matter deeply to you. Through qualitative market research, you can identify the needs of your customers in a more nuanced, in-depth way than is possible with quantitative research. 

Depending on the questions you pose, you can also get a feel for how customers perceive your marketing messages and communications, as well as more broad perceptions of your company as a whole.

If you're planning on launching a new product or service, qualitative market research can help you refine the launch and even make improvements. By using the feedback and insights from your research to make changes leading up to the launch, you are more likely to increase your revenue and receive glowing reviews.

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qualitative market research business

  • Advantages of qualitative market research

There are many advantages to qualitative market research. It's flexible, so you can adapt to the quality of information you receive. For example, if the available information isn't providing what you hoped, it's easy to change direction and collect more data using new questions.

Qualitative market research also helps you gather more detailed information than most quantitative data. While quantitative market research gives you metrics, qualitative market research allows you to better understand the subtleties within the data.

Long-term, qualitative market research can reduce customer churn. By conducting regular qualitative market research, businesses can better understand what consumers want (and what they don’t) and learn whether they are fulfilling their needs. This reduces customer churn and helps build a stronger relationship between a business and the people it serves.

  • Disadvantages of qualitative market research

The most notable disadvantage of market research is that it’s time-consuming. Depending on the scope of the research and the amount of people dedicated to the project, it can take weeks or even months to complete. If you're working on a tight timeline, or if you have limited resources to dedicate to research, it might not be feasible.

Qualitative market research can also be expensive. While much of the cost will depend on the size and scope of the project, you might also need to hire additional people to help you complete the research.

If you compensate participants for their time (and experts advise some sort of compensation), that's another expense to consider.

Finally, qualitative market research is highly subjective, as the conclusions are drawn by individual researchers and their interpretation and analysis.

  • Eight qualitative market research methods

The most common methods for qualitative market research include focus groups, individual interviews, and observations. However, many other methods should be considered as viable options for your market research.

Social media analysis

Social media has become an important part of many people's lives, with millions of people around the world interacting with their favorite platforms on a daily, even hourly, basis. Social media analysis can, therefore, be a powerful way to gather and analyze information.

If your brand is active on social media, take the opportunity to solicit responses from customers who follow you. This can be via a survey feedback form or some sort of direct response from customers.

You can also perform content analysis on social media, scanning comments left by consumers on your posts and checking for frequently used words.

For the most in-depth responses, consider gathering insights directly from the people who follow your pages and regularly interact with you.

Lifestyle immersion

If customer comfort is one of your top priorities as you conduct market research, lifestyle immersion might be the best option.

Lifestyle immersion is a research method that allows the researcher to observe the customer in their natural environment. By observing the participant in a natural setting, you can see their unguarded behavior and learn more about their needs and motives.

Focus groups

Focus groups are a popular method for conducting qualitative market research. Focus groups are typically comprised of 6–10 people, along with a market researcher who functions as a moderator.

During the focus group, participants are encouraged to share their unguarded thoughts and opinions on a product, service, or marketing campaign.

Traditionally, focus groups were held in person, since verbal and non-verbal reactions are an important part of measuring responses. However, web-based focus groups have been gaining popularity in recent years, especially in light of the COVID-19 pandemic. Online focus groups tend to be more cost-effective and convenient for most participants.

Observations

Observations, also known as shop-alongs, involve researchers following participants as they walk through a store. The goal of observations in qualitative market research is to gauge customers’ interactions and reactions to things they encounter, including products, displays, and advertising.

Observations don't require the market researcher to physically accompany participants. Typically, the researcher will observe from a distance or watch a camera feed.

Individual interviews

Individual interviews are a highly personalized method of conducting market research. These interviews are in person, over the phone, or through video-conferencing software.

They tend to be most successful when held as part of a free-flowing conversation that puts the participant at ease and makes them feel comfortable sharing their unfiltered thoughts and opinions. The interviews can be structured or unstructured, depending on the nature of the questions and your overall goals for the project.

Include plenty of open-ended questions in your interview outline to keep the conversation moving. Pay attention throughout the interview to see how the participant responds to the questions and if they seem uncomfortable or ill at ease. If they do, switch gears to make the conversation more relaxed again.

Diary or journal-logging

A diary study, also known as journal-logging, is a research method that aims to collect data about user behaviors, activities, and experiences over a set period.

During the designated reporting period, participants are asked to keep a diary and record specific information about the activities you want to analyze. The data is self-reported by participants when the reporting period is up.

Diary studies can be useful for gathering information about users’ habits and thought patterns. They can also effectively capture attitudes and motivations. However, it can be challenging to recruit dedicated users, since diary studies require greater involvement over a longer period than more traditional market research methods.

Surveys are a popular method of conducting market research. A powerful form of primary research, surveys are endlessly customizable. They can be done:

Over the phone

Via email or other online delivery method

If you opt for an online survey, test the software ahead of time, so you can be sure everything works properly and displays well on mobile devices.

It's also a good idea to run a test survey with a smaller group. This allows you to refine your questions and eliminate any confusing wording.

Ethnographic research

Ethnographic research involves observing participants in their natural environment, primarily how they go about mundane tasks such as cleaning their house or preparing a meal. Unlike observations, ethnography can involve a variety of approaches, including diary studies and video recordings.

The goal of ethnographic research is to understand the social dynamics, beliefs, and behaviors of participants through direct observation and participation in their daily activities. Ethnographic research can take place over an extended period, from a few weeks to a year or more. It's versatile and is best done with the assistance of an experienced ethnographic researcher.

  • An example of qualitative market research

One of the main benefits of qualitative market research is its flexibility. No matter what your goal is or what outcome you're hoping for, you can design an effective study.

One example of qualitative market research using a focus group is a cereal company wishing to update the packaging of one of its most popular products. After producing several design concepts, the company opts to commission a series of focus groups to gauge responses to each concept.

During the focus groups, with the help of a moderator, participants discuss each design, evaluating the pros and cons. Based on the feedback received in the focus groups, the cereal company can move forward with the design most appealing to their customers.

  • Best practices for qualitative market research

While qualitative research is flexible, there are still best practices to follow. Regardless of which research method you choose, consider these tips when crafting your approach and designing the questions.

Accurately identify research goals

Before embarking on any market research, you should know your end goal. Think about the specific questions you want answered, including the nature of the product or service you wish to refine or develop. Outline your goals and share them with every project stakeholder, including managers and the CEO, if necessary.

Understand your customers

Knowing your customers is vital for accurately targeting survey participants. Your business should have a customer profile that includes basic demographics such as:

Shopping habits

Use this profile to create questions that are useful for your study. When crafted thoughtfully, your questions will identify needs that aren't being met and meet study participants where they are.

Choose the most appropriate research method

There are many ways to conduct qualitative market research, but not all of them might be right for your unique needs. Think about what method will give you the optimal results and work best for the study participants you wish to recruit.

Focus groups are an ever-popular research method, but it isn't always possible to dedicate time and energy to moderating one. A survey or series of observations might be more effective, depending on your available resources and goals.

Use open-ended questions

The goal of qualitative market research is to gain thoughtful responses from participants. Use open-ended questions that require more than a simple yes or no response. The idea is to maintain an open dialogue, even through vehicles such as surveys or focus groups.

Test out questions on yourself and your team members before launching them to participants, so you can be sure they make sense and give people the chance to truly share their thoughts.

  • Tips for qualitative data analysis

Qualitative data analysis is rarely a linear process. Since qualitative market research often doesn't result in hard numbers, be flexible in your approach to analysis.

After you finish your research, organize and collate your responses into one location for further analysis. If you have audio or video files, allocate time to transcribe the data, whether that means bringing in a transcriptionist or guiding your team members through the process.

As you go through the responses, become familiar with the data. This will help you better understand your customers and identify any potential gaps in the research. Always involve other stakeholders in the process, not only along the way but also once the final results have been collated. This promotes transparency in the project and improves communication across the board.

Are customer surveys qualitative?

Customer surveys are one method of market research. They can be made qualitative or quantitative, depending on the nature of the questions. They are one of the most popular forms of qualitative market research because they are versatile and highly customizable. Surveys can be done in person or through web software, such as email.

What are qualitative marketing objectives examples?

While quantitative objectives are usually specific and measurable, qualitative marketing objectives are more subjective. They tend to be conceptually broad, such as "we want to learn more about how our customers rank our service compared to our competitors,” "we want to increase brand awareness," and "we want to improve customer satisfaction." It can be helpful to have qualitative and quantitative objectives for your market research, depending on the nature of the project and whether it's related to a specific product or service.

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Qualitative Market Research Methods + Examples

Qualitative Market Research Methods + Examples

Qualitative market research is one of the most effective ways to understand consumer sentiment . If you really want to know how people feel about a product or business; and the ‘why’ behind it, qualitative research will tell you what you need to know.

This guide covers qualitative market research methods, including the different tools and techniques, their benefits, and examples of qualitative research in action.

Steve jobs quote

What is qualitative market research?

Qualitative market research uncovers key insights into how people feel about a product or brand. It’s more of a touchy-feely type of market research than quantitative research , often performed with a small, handpicked group of respondents.

There are many different ways to conduct qualitative research. These include focus groups, interviews, ethnographic, observational research, and even biometrics. Although it takes time to conduct and analyze results, it’s one of the most popular types of market research .

Qualitative market research methods

Market research surveys are the most widely used qualitative market research method. Perhaps that’s down to their ease of use, availability, or the low cost of getting them out, in, and analyzed. But let’s be honest; all types of market research have pros and cons, which is exactly why picking the right technique is key.

Types of qualitative market research

Focus groups

What it is: Focus groups can be done in person or online. Participants are selected from within a target market or audience. Typically, people answer questions about the how, what, and why of a specific topic. While focus group formats vary, participant numbers should always be limited to ensure each person has the chance to contribute.

Best for: This type of qualitative market research is beneficial for testing new concepts or products in a market. It’s also good for getting feedback on existing products and things like usability, functionality, and ease of use.

Good to know: Online focus groups are becoming increasingly popular. As no interaction is required between participants, running them online allows responses to be collected in minutes without impacting data quality. It also reduces costs and means more people can attend due to fewer travel or time constraints.

What it is: Interviews are a tried-and-trusted qualitative research method that can be done in person or over the phone. It’s a highly personal approach that takes a conversational format between just two or three people. Researchers ask pre-set questions designed to collect intel and insights for further analysis. Interview formats vary depending on the research questions .

Best for Granular feedback from people within a target market or a target persona. Researchers obtain details about a person’s intentions, beliefs, motivations, and preferences.

Helpful Scroll to the qualitative market research examples section and view a copy of our template for customer interviews at Similarweb.

Read more: 83 Qualitative Research Questions & Examples

What it is: Most people have used or consumed case study content in the past without necessarily realizing it’s a type of qualitative research. It analyzes contextual factors relevant to a specific problem or outcome in detail. Case study research can be carried out by marketing professionals or researchers and typically follows a structured approach, exploring a problem, the solution, and its impact.

Case studies can take anything from one month upwards to a year to develop and often involve using other types of qualitative market research, such as focus groups or interviews, to inform key content.

Best for: They’re more commonly used as a marketing tool to showcase a solution or service’s impact within a target market or use case. But, new product or service developments are two other popular applications.

Biometrics in market research

What it is: One of the lesser-known methods of qualitative market research is biometrics. There’s an article about this on Bloomberg , showcasing how Expedia uses biometrics in its market research stack. The format for their project takes the trusty focus group scenario, adding a modern twist.

In this example, research participants were asked to attach a set of skin response sensors to their hands. But there could also be eye-tracking, emotional analysis, heat mapping, or facial sensors being used to track responses in tandem. Individuals were tasked with surfing the web; a researcher requested they do specific tasks or carry out a search in a self-directing manner. Responses are recorded, analyzed, and translated into meaningful insights.

Depending on the tech being used, the direction, and the goal of the research, this type of qualitative market research can show:

  • How people surf the web or use a site
  • The way people react in a specific situation
  • How they respond to content, CTAs, layouts, promotions, tasks, or experiences
  • Insights into what drives people to take action on a site

Best for: Larger digital-first companies with a budget to suit; those who want to perform UX testing to improve the content, customer journey, experience, or layout of a website.

Insightful The adoption of biometric technology in market research was at an all-time high in 2020. With the technology becoming more widely available, the adoption cost will likely fall, making it more accessible to a larger pool of organizations.

biometrics in qualitative market research stats

Ethnography

What it is: Enthnograprhic market research (EMR) is one of the costliest types of qualitative research. An experienced ethnographic researcher is needed to design and conduct the study. It analyzes people in their own environment, be it at home, an office, or another location of interest.

Research can take place over a few hours, months, or even years. It’s typically used during the early-stage development of a user-centric design project. But it can also be useful in identifying or analyzing issues arising once a product or service has gone to market.

Best for: It’s widely adopted within useability, service design, and user-focused fields. Getting under the skin of a design problem helps develop a deeper understanding of issues a product should solve. Outcomes help to build improvements or new features in products or services.

Grounded theory

What it is: Researchers use various qualitative market research methods, such as surveys or interviews, and combine them with other types of secondary market research to inform outcomes. Typically, participant groups are between 20-60, making it a larger sample size than focus groups. Responses are collated, and a series of specialist coding techniques are used to formulate a theory that explains behavioral patterns.

Best for: Organizations can better understand a target audience by using research to generate a theory. The findings provide explanations that can inform design decisions or spark new innovation through features or improvements to products or services. A typical use case could be when particularly heavy use of a product occurs or frustrations arise with usability – grounded theory is then used to explore the reasoning behind these behaviors.

Observational

What it is: Contrary to belief, this type of qualitative market research can occur remotely or on-site. A researcher will observe people via camera or being physically present in a shopping mall, store, or other location. Systematic data are collated using subjective methods that monitor how people react in a natural setting. Researchers usually remain out of sight to ensure they go undetected by the people they observe.

Best for: Low-budget market research projects. Suited to those with a physical store or who seek to examine consumer behavior in a public setting. Researchers can see how people react to products or how they navigate around a store. It can also provide insights into shopping behavior, and record the purchase experience.

Useful to know: Observational research provides more effective feedback than market research surveys. This is because instinctive reactions are more reflective of real-world behaviors.

Online Forums

online forums in market research

What it is: A web message board or online forum is quick and easy to set up. Most people know how they work, and users’ names can be anonymized. This makes it a safe space to conduct group research and gain consensus or garner opinions on things like creative concepts, promotions, new features, or other topics of interest. The researcher moderates it to ensure discussions remain focused and the right questions are asked to thoroughly explore a topic.

Organizations typically invite between 10-30 participants, and forums are open for anything between 1-5 days. The researcher initiates various threads and may later divide people into subgroups once initial responses are given.

Here’s an example.

If a group of male participants indicates they dislike a specific content on the forum. The moderator would create a subgroup on the fly, with the intent of probing into the viewpoints of that group in more detail.

Best for: Discussing sensitive research topics that people may feel uncomfortable sharing in a group or interview. Getting feedback from people from a broad area and diverse backgrounds is easy. And a more cost-effective way to run focus groups with similar aims and outcomes.

What it is: For a survey to be considered a type of qualitative market research, questions should remain open and closed-ended. Surveys are typically sent digitally but can also be done in person or via direct mail. Feedback can be anonymous or with user details exposed. Surveys are a type of primary research and should be tailored to the research goals and the audience. Segmentation is a great way to uncover more about a select group of people that make up a target persona or market.

Best for: A low-cost way to question a large group of people and gain insights into how they feel about a topic or product. It can be used to flesh out usability issues, explore the viability of new features, or better understand a target audience in almost any sector. Surveys can also be used to explore UX or employee experience in greater detail.

Read more: 18 Ways Businesses Can Use Market Research Surveys

Diary or journal logging

What it is: When you think about it, almost all qualitative research methods aim to help you understand the experiences, lives, and motivations of people. What better way is there to connect with how people think and feel than a journal? Yes, it’s pretty much exactly what it claims to be; a simple note-taking exercise that records regular input, insights, feelings, and thoughts over a period of time.

A survey or focus group captures sentiment at a single point in time. Whereas journal logging gives way to more frequent input without any pressures of time to consider. It’s also more reliable data, as there’s no requirement for people to think about and recall data, as input occurs at the moment. Popular formats include digital diaries, paper journals, and voice journals.

Key parameters are set out from the start. And offer prompts so people know what to record, how often they need to make an entry, the time of day (if relevant), how much they should write, and the purpose or goal of the research.

Best for: Measuring change or impact over time. They’re also a great tool to establish things like:

  • Usage scenarios
  • Motivations
  • Changes in perception
  • Behavioral shifts
  • Customer journeys  

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Benefits of qualitative market research.

  • Flexible – It can be adjusted according to the situation. For example, if the questions being asked aren’t yielding useful information, the researcher can change direction with open questions and adapt as needed.
  • Clear and open communication –  Forums like these can help a brand and its customers communicate effectively. The voice of the customer is paramount, and participants are encouraged to express their values and needs freely.
  • Provides detailed information – One of the biggest draws of qualitative research is the level of detail given by respondents. Data collected can be vital in helping organizations gain an in-depth understanding of consumer pain points and perspectives.
  • Improve retention – Qualitative research gets under the hood, helping an organization know how consumers think or feel about a business or its products. The intel can shape future offerings or improve service elements, thus boosting loyalty.

Qualitative market research examples

Whether you’ve carried out qualitative research in the past or not, it’s never a bad idea to look at what others are doing. Who knows, it could inspire your research project or give you an example of qualitative research in action to use as a base.

Here are three qualitative market research examples in action!

Example 1: This Voice of Customer questionnaire is an example of qualitative research we use here at Similarweb. 

Qualitative market research example - interview

Example 2: A market research survey used in retail. It’s sent out with a digital copy of a store receipt and aims to explore how people feel about their in-store experience.

Example 3: A case study report published by Forrester Consulting. It highlights the ROI of Similarweb following a period of use and a forward-looking estimation.

A smarter way to get Similar results in less time

While different in nature, qualitative and quantitative research go hand in hand. In short, qualitative can explain what quantitative research shows. While qualitative research costs vary, it takes time to plan, conduct, and analyze. Not everybody has the luxury of time or the resources to carry out their own qualitative market research. And with how fast markets and consumer behaviors shift, it’s not always the optimal solution.

Feature spotlight: Audience Analysis 

Similarweb’s audience behavior research tool shows you where people in your target market spend their time online. Uncovering critical, unbiased insights at pace.

  • Audience metrics show you demographics , geographics , audience loyalty , and interests.
  • Competitive insights allow you to see any rivals’ reach and unpack their successes.
  • Visualize your target market like never before – layered with insights that show where and how they spend time online.
  • Segment your audience to see industry-specific consumer interests.
  • Discover untapped audiences to acquire and grow your share of market.

As a single source of truth, Similarweb Research Intelligence lets you get the measure of the digital world that matters to you most. At a glance, you can see what’s happening in any market, and drill down into any rival or audience group to spot trends, analyze changes, and inform key decisions; fast. As far as market research tools go, it’s the only platform that brings together feedback from mobile web, desktop, and mobile apps in a single place. Giving you a complete and comprehensive picture of your digital landscape.

Wrapping Up…

Compared to quantitative research, the qualitative approach can take more time and cost more money. But, there are distinct benefits that make it hard to dismiss. While statistical research can show you the ‘what,’ ‘who,’ and ‘when’, qualitative research complements this and helps uncover the ‘why’ and ‘how’ – giving you the complete picture.

From the high-hitting budget owners to the SMBs who need to research a market or audience, qualitative research is a vital tool that’ll help you uncover insights and focus on growth.

Digital intelligence platforms like Similarweb can give you a framework to outline a story that can be filled in with qualitative research later down the line.

What’s the difference between quantitative and qualitative research methods? Qualitative market research is a type of primary research method that explores how people think and feel about a topic. Quantitative research is statistics-based and analyses numerical data.

What are the different types of qualitative market research? The most popular types of qualitative market research include Focus groups, interviews, ethnography, case studies, grounded theory, observational, online forums, open-ended surveys, biometrics, narrative, thematic analysis, diary or journal logging, thematic analysis, and phenomenological study.

How is qualitative research used in marketing? Qualitative market research serves as a tool that helps marketing teams identify consumer needs, refine product messaging, generate ideas for campaigns, discover new channels, and develop targeted campaigns that resonate with target audiences.

What Types of Questions are Asked in Qualitative Market Research? Qualitative market research often focuses on open-ended questions that allow respondents to provide detailed answers about their attitudes, opinions, and experiences. Examples of questions include: What factors influence your decision to purchase a particular product or service? How do you use a product or service? What do you like or dislike about a product or service?

What are the Limitations of Qualitative Market Research? Qualitative market research can be subjective and may be limited by the number of participants and the amount of time available for research. Additionally, qualitative research does not provide quantitative data, which can be useful for measuring and comparing consumer behavior.

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The Complete Guide to Qualitative Market Research

qualitative market research

So what exactly is qualitative research? At a glance, this type of research method seeks to gather in-depth data about a phenomenon without focusing on numerical data or on quantities.

But there is much more to this kind of study method. Learn holistically about qualitative market research with this complete guide.

What Defines & Makes Up Qualitative Research?

Qualitative research is centered around experiences, ideas and opinions. As such, it does not focus on statistical or quantitative outcomes. Instead, it seeks out an in-depth understanding of an issue, occurrence or phenomenon.

Thus, this research method zeroes in on the “what” and more importantly, the “why” of a research subject. (Unlike quantitative research, which focuses on the “how much”).

Here are some of the applications of qualitative research:

Understanding an issue in greater depth

Finding the reason behind an occurrence (whether it’s desirable or undesirable)

Uncovering trends in target market opinions

Forming educated solutions to address customer/studied subject concerns

Discovering the causes of certain actions

Qualitative research generally relies on a smaller sample size in order to get a deep read of happenings, causes and motivations. This kind of research method functions through the usage of open-ended and exploratory questions.

Understanding the “why” behind an issue is then used to make decisions on how to resolve the issue or how to improve on an existing productive situation.

Qualitative data must occur in natural environments. This denotes a kind of environment in which participants discuss their opinions at length and at ease, which researchers use to gain deeper knowledge and form inferences around a topic.

Prior to the internet, this kind of research was conducted in-person, but with the advent of the internet and innovations in market research, qualitative data has been collected online. The digital space can also serve as a natural environment.

The Five Main Types of Qualitative Research

Just as with quantitative research, there is not a single approach to conducting qualitative research. On the contrary, there are five main varieties of performing qualitative research. Aside from their methodology, these sub-categories also seek different types of answers and conclusions.

types of qualitative market research

1. Narrative Research

This research is used to form a cohesive story, or narrative, by way of consolidating several events from a small group of people. It involves running in-depth interviews and reading up on documents featuring similar actions as a means of theme-searching.

The point of this is to discover how one narrative is shaped by larger contextual influences. Interviews should be conducted for weeks to months and sometimes even for years. The narrative that the researcher uncovers does not have to be presented in sequential order.

Instead, it should be projected as one with defined themes that attempt to reconcile inconsistent stories. This method can highlight the research study’s ongoing challenges and hardships, which can be used to make any improvements.

2. Ethnographic Research

The most common qualitative research method, ethnography relies on entrenching oneself in various participant environments to extract challenges, goals, themes and cultures.

As the name suggests, it involves taking an ethnographic approach to research, meaning that researchers would experience an environment themselves to draw research. Using this firsthand observation, the researcher would not need to then rely on interviews or surveys.

This approach may seem to be far-fetched where market research is concerned, but it is doable. For example, you’d like to see the effectiveness or frustration that customers face when using your product. Since you can’t follow them home, you can request videos that show them using it. Many big brands have call-outs on their websites (ex: on product pages) for their customers to send in videos of their interactions with the products.

3. Phenomenological Research

This qualitative method entails researchers having to probe a phenomenon or event by bringing lived experiences to light and then interpreting them. In order to achieve this, researchers use several methods in combination.

These include conducting surveys, interviews and utilizing secondary research such as available documents and videos on the studied phenomenon. Additionally, as in ethnographic research, phenomenological research involves visiting places to collect research.

These will help you understand how your participants view your subject of examination. In turn, you will gain insight into the participants’ motivations.

In this research type, you would conduct between 5 and 25 surveys or interviews, then peruse them for themes. Once again, you would scrutinize experiences and sentiment over numerical data.

4. Grounded Theory Research

In contrast to phenomenological research, which seeks to fully form the core of an issue, grounded theory attempts to find explanations (the why) behind an issue. To achieve this, researchers use interviews, surveys and secondary research to form a theory around the issue/occurrence.

The sample of this study tends to be on the larger side, at 20-60 participants. Data extracted from this type of research is interpreted to determine the reasoning behind, for example, heavy usage of or frustration with a product. These types of studies help a business innovate an existing product by getting into the weeds of how it’s used.

5. Action Research

action research

This type of research involves researchers and participants working collaboratively to bring theory to practice. Also called participatory research, collaborative inquiry, emancipatory research and action learning, this method entails the act of “learning by doing.”

This means a group of researchers come together to find and address a problem, resolve it and then study the success of their endeavors. If they underperformed or their outcomes don’t satisfy their expectations, they would then reattempt the process.

In action research , a researcher spends a considerable amount of time on collecting, analyzing, and presenting data in an ongoing, periodic process. This involves researchers coming up with their own surveys and interviews around a subject matter, then presenting their findings to one another to draw conclusions and solutions.

They would put into practice the means to improve a situation and continue measuring their success throughout the process.

Examples of Questions for Qualitative Research

When working within the capacity of any of the above research types, it’s crucial to ask the right questions. Here you’ll find the questions you can use when conducting each of the five types of qualitative research.

Bear in mind that some of these questions will appear to be similar in nature; some are even interchangeable. That is normal, as researchers may search for the same answers, but apply a different approach in their research method.

In any case, all of the below features questions that fit within the larger qualitative research framework.

Learn more about asking insightful market research questions . Here are a few examples of the questions within the five categories:

1. How do people who witnessed domestic violence understand its effects in their own relationships?

    Variable: Views of domestic violence on one’s own relationships

    Demographic: People in relationships, who’ve witnessed domestic violence

    Qualitative Research Type : Narrative

2. What are the lived experiences of working-class Americans between the ages of 20 and 40?

    Variable: Experiences and views of a working-class background

    Demographic: Working-class Americans ages 20-40

3. How do Asian Americans experience reaching out to address mental health concerns?

    Variable: The experiences in seeking out care for mental health

    Demographic: Asian Americans seeking help for mental health

    Qualitative Research Type: Ethnographic

4. What do you enjoy about this product or service?

    Variable: The positive experiences of using a particular product/service

    Demographic: The target market of a product or service

5. How have people who have experienced poverty changed their shopping habits when they entered the middle (or higher) class?

    Variable: The changes or stagnation in shopping habits

    Demographic: those who experienced poverty, but climbed the social ladder

    Qualitative Research Type : Phenomenological

6. What was it like when you had a negative online shopping experience?

    Variable: unpleasant shopping experiences

    Demographic: a group that is most likely to shop at a particular online store

7. What influences managers in private sectors to seek further professional advancement?

    Variable: Motivation for seniority

    Demographic: Managers in the private sector

    Qualitative Research Type: Grounded Theory

8. How do women in third world countries set up financial independence?

    Variable: Efforts at reaching financial independence

    Demographic: Women in third-world countries

9. What impact does collaborative working have on the UX optimization efforts of a telecommunications company?

    Variable: effects of collaboration on the UX of a telecommunications company

    Demographic: workers in the telecommunications space

    Qualitative Research Type: Action Research

10. What strategies can marketing managers use to improve the reach of millennial customers?

    Variable: Strategies to improve millennial reach and their outcomes

    Demographic: Marketing managers

When to Use the Research and How to Analyze It

The qualitative research method has specific use cases. You ought to consider which is best for your particular business, which includes your strategy, your marketing and other facets.

The core of qualitative research is to understand a phenomenon (a problem, an inadequacy, and a slew of other occurrences) including its causes, its motivations, its goals and its solutions. Researchers do this by observing smaller portions of a population.

Researchers should use this form of research whenever you need to get the gist of a particular occurrence or event. It is particularly useful for studying how your target market experiences certain situations and how it feels about them.

There are several more specific ways that elucidate why this research style is valuable if not completely necessary. Here are some of the most crucial ways this method of research is vital:

Helps brands see the emotional connections customers have with them

Allows brands to find gaps in customer experience (CX) and user experience (UX)

Enables brands to create experiences that are more tailored to their target market

Helps businesses understand how they can improve on their product, service or CX

Finds experiences that customers had that highlight sensitive topics/language for them

Shows businesses how customers compare them to their competitors

Identifies possible solutions and innovations based on customer attitudes and experiences

To analyze qualitative research, you should first identify your subject of study and decide on the type of research you need to conduct based on the five types of research that fall under the qualitative category.

Then, brainstorm several questions that you can use to form the base of your studies. During the process make sure to jot down (either digitally or otherwise) your observations. For example, record interviews and store surveys in an organized database.

Make sure you ask open-ended questions in surveys, interviews, focus groups, et al. Aggregate secondary research such as government database documents, articles in your niche,  images,  videos and more.

Search for patterns or similarities within your findings. When you group them together and organize them by demographics, you can start drawing conclusions and proposing solutions.

The Benefits and Drawbacks of Qualitative Research

Qualitative research can be extraordinarily beneficial. But as with other aspects of research and beyond, it too comes with a set of drawbacks. As a business owner, marketer or market researcher, you should know both the pros and cons. Here are some notable ones:

More intimate understanding of context and causation: besides understanding “what” in a granular way, you also learn the “why” and “how” of a particular situation.

Understanding key experiences: Open-ended questions lead to unique answers, exposing things numerical-based surveys can’t answer.

A foundation of deep insights: The design of the study is made to understand how customers relate to particular occurrences, events, ideas and products.

Context-driven: Finding insights on motivation and past behaviors allows researchers to understand what their target market needs and what it tries to avoid.

No need to find and create the correct measuring units: Open-ended questions don’t require a scale, a number range or any other measuring tools — one less thing to worry about.

Smaller sample size: Smaller sample sizes allow researchers to study responses more thoroughly to form more accurate hypotheses and conclusions.

Inspirational : The responses received can also help researchers form new studies.

Flexible and detail-oriented : Since questions aren’t based on scales and other units, you can ask more creative and in-depth questions. Questions focus on details and subtleties for robust insights.

Relies on researcher experience: It relies on the researchers’ experience; not all are familiar with industry topics.

Not statistically representative: Only collects perspective-based research; does not provide statistical representation. Only comparisons, not measurements can be executed.

Difficult to make copies of data.  Individual perspectives make it hard to replicate findings, making it it more difficult to form conclusions.

More likely to have researcher bias: Both conscious or subconscious of the researcher can affect the data. The conclusions they draw can thus be influenced by their bias. (This can be avoided by using controls in data collection.

The Final Word

Market research is a wide-spanning undertaking. It has a wide swath of aspects, practices and applications. As such, researchers should know its main categories and qualitative research is one such category of significance.

As opposed to quantitative research, which has four methods, qualitative research has five — not all of which will be of use to your particular market research needs. In any case, this type of research involves imbuing as much context and particularities around a phenomenon as possible.

As such, researchers should create questions more specific to the aforementioned examples of this article. That is because those are more encompassing, generalized questions that researchers can attempt to answer after conducting all of their research and parsing of the findings.

But prior to that, researchers should ask several related questions around a particular topic and tailor those questions as best as possible to the target audience.

Frequently asked questions

What is qualitative research.

Qualitative research is a type of research that is conducted to gain deep or unexpected insights rather than focusing on numeral or quantitative data.

Why is qualitative research conducted?

Qualitative research is conducted to find the “why” of the research subject, rather than the “what’ of that subject. For example, qualitative research might be conducted to understand an issue more deeply, to understand why something is happening, or to learn how to address a target market’s concerns.

What is narrative research?

Narrative research is a type of research that is used to create an in-depth story about a phenomenon or event. It is conducted by interviewing a small group of people who were directly involved in the event.

How is ethnographic research conducted?

When conducting ethnographic research, the researchers use firsthand observations of an environment to more deeply understand the goals, challenges, or opinions of the target audience.

What is action research?

Action research is a type of qualitative research in which researchers and participants collaborate to better understand a phenomenon. Together the group works to find and solve the problem by gathering information on an ongoing and evolving basis.

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The qualitative market research guide: actionable methods for best results

What is qualitative market research, the ethics of qualitative market research, how to conduct qualitative market research, what are the applications of qualitative market research, overcoming the challenges of qualitative market research.

If you’re thinking about skipping qualitative market research and just going with your gut, this article is a must-read.

While some brands and products in the past have won big based on someone’s intuition, it certainly isn’t a reliable recipe for success — because many more who’ve invested based on an instinct, have failed. Hard.

That’s why we want to highlight the importance and value of qualitative market research. It’s what explains why people pick one product over another that seems just as good.

Qualitative research digs into the nuances, offering insights that can significantly impact your marketing approach and product development. Here we’ll show you exactly how you can turn it into your secret weapon.

Qualitative market research goes straight to the core of your customer’s thoughts and feelings. It’s not just about how many people clicked or bought, but why they did it, or even why they didn’t.

This kind of research lets you in on the stories behind the statistics, giving you a more in-depth understanding of your target audience’s behaviors, perceptions and motivations. And with this rich insights and data, you can tailor your products and marketing strategies to truly resonate with your audience.

Here’s a quick rundown of the types of market research out there:

  • Quantitative research: Deals with numbers and measurable forms.
  • Qualitative research: Focuses on understanding the quality of consumer interactions and thoughts.
  • Mixed methods: Combines both quantitative and qualitative research.

It’s good to know qualitative and quantitative research make a great pair – it helps you give context to numbers, and vice versa. And it’s good to know when you could run qualitative research:

  • Before your quantitative research ? If you’re grasping for ideas and inspiration, qualitative market research can be a great source. Your respondents will often flag issues or make suggestions that you and your team might never have thought of. And for extra peace of mind, you can follow-up your qualitative research with quantitative studies to make sure that inspo is truly representative.
  • After your quantitative research ? Often teams will have run quantitative studies and spotted threads they’d like to pull at and see whether there’s more to learn. This is where qualitative market research comes in – it can add flavor and context to your quant data. And it can be a great way to personalize your data for internal or client signoff.

Of course, there are different ways of gathering qualitative data. So when we talk qualitative research, these are the main methods you’ll come across:

  • Ethnographic research: observing your customers in their natural environment, seeing how they live, work, and play.
  • Narrative research: collecting stories from individuals to better understand their experiences.
  • Phenomenological research: used to understand common experiences among a group of people, researching shared perceptions.
  • Grounded theory: developing a theory based on the data you collect, starting with the data and working towards a theory.
  • Action research: a collaborative approach, working with groups to identify solutions to problems and implement changes.

Each of these approaches gives you unique insights into the minds and lives of your customers, helping you make more informed decisions that can drive your brand forward.

If you want to know more about the ins and outs of different research types, check out our blog about the difference between quantitative vs qualitative research , and here’s a quick video summary to get you started…

While it’s not exactly mind reading, qualitative market research does touch more on personal thoughts and opinions than, for instance, quantitative research does. That means it requires trust – and that’s where ethics come into play. Here’s what keeping it ethical looks like:

  • Participant confidentiality : Keeping the identities of your participants under wraps is a non-negotiable. 
  • Informed consent : Participants need to know what they’re getting into, how their insights will be used, and how they can change their involvement.
  • Sensitive information : Any data that could be considered sensitive deserves extra protection and consideration.

Data isn’t high quality when it isn’t ethical, and vice versa. If your respondents don’t feel that their answers will be handled with care, they might not answer honestly – if at all.

At Attest, we’re all about making sure your insights are built on a solid foundation of excellent data quality, trust and transparency – for both you and your respondents. 

Because what’s the point of qualitative research if you can’t trust the results? Check out how we assure data quality that you can rely on.

The research you do should be the foundation of the actions that follow — don’t just conduct research for the sake of it. Choosing the right qualitative research methods and tools is crucial, but there’s more to it.

By following the steps below, you’ll not only gather rich, qualitative data but also pave the way for meaningful changes in your product development, marketing strategy, and overall brand experience. 

1. Create a research plan

When you conduct qualitative research, or any kind really, the steps you take should be based on your research objectives, and related to the actual changes you might be making. This is what makes market research crucial for marketing experts : it shows you which actions to take, instead of just doing creative guesswork. 

First, decide on your qualitative research methods—will you go for surveys, focus groups, or a mix? Define clear objectives. What do you want to learn? Keep in mind how to balance your research approach: you can opt for direct exploration for fresh insights, monadic testing for focused feedback, sequential monadic testing for comparative insights, or discrete choice testing to understand preferences. Each method has its place, and combining them strategically can offer a fuller picture of your market.

Next up, consider your sampling methods. Who are your ideal participants? Where can you find them? (Hint: we help you with this!)

Once you know what to ask and who you’ll be speaking to, it’s time to start crafting your survey — and using our templates makes that even easier. Take your pick and start tweaking. 

The final step of your research plan, is choosing which qualitative market research tool to choose for. The steps below give you some guidance on what to look for.

2. Recruit the right participants

The power of qualitative research lies not in the most fancy tools, but in the quality of your participants. 

You’re looking for individuals who reflect your target audience or represent a new market you’re exploring. The key is to ensure diversity and relevance to get a comprehensive understanding of consumer behavior and opinions. Read more about how we help you get in touch with the right people — picking from an audience of 125 million people in 59 markets spread across the globe.

3. Conduct interviews, surveys or focus group research

Jumping into your audience’s world, interviews, surveys, and focus groups are essential tools in your research kit. But how do these qualitative market research methods add value?

  • One-on-one interviews offer a closer look into what your consumers are thinking and feeling, providing valuable insights into their personal experiences and expectations. This intimate format fosters detailed conversations that can uncover deep-seated motivations and stories.
  • Surveys allow for a broad reach, enabling you to connect with a wide audience very quickly to collect various data points. This method is great for identifying trends, preferences and behaviors on a larger scale.
  • Focus groups, on the other hand, bring a unique dynamic. In these sessions, participants’ interactions can generate new insights and perspectives, offering a diverse view of your product or service. This collaborative environment encourages research participants to build on each other’s ideas, revealing insights that might not emerge in individual settings.

Remember: you don’t have to limit yourself to only one option – but pick a mix that works best for your research goals, and your audience. Their participation is key here.

4. Conduct observational research (optional)

Now this is optional, but if you want an extra layer to your research process, observational research is a great supplement to your qualitative study.

Instead of just hearing what your target audience is thinking, you are going to see how it affects their actions, by tracking how they interact with your products, navigate your stores or use your website.

Watching from a distance, you might discover that consumers use your product in ways you hadn’t imagined. It might also clarify some statements you heard or uncovered during the survey or interview phase – observational research can unearth gems of insights that are invisible in one-on-one conversations or online focus groups.

Of course, this approach requires patience and a non-intrusive stance. You don’t want to influence people, and it’s not easy to do it at a large scale – but in some scenarios adding an extra research method like this certainly gives extra depth to your findings. 

5. Analyze your research data

With data in hand, it’s time to sift through the stories and sentiments to find patterns and themes. Qualitative data analysis can be complex, but it’s where you begin to understand the ‘why’ behind the behaviors that drive your customers’ choices. 

Don’t just use qualitative insights to confirm your hopes and beliefs. Actively look for commonalities, differences, and surprising insights that can guide your strategy.

6. Report and communicate findings to key stakeholders

This is the springboard to action. If you can package your findings in a way that resonates with your team, management, or clients, you’re one step closer to meaningful and impactful changes. 

Clear, compelling reporting translates your research into actionable insights – and our tool helps you get them. 

Share stories, highlight key themes, and suggest next steps. Make your qualitative research findings a cornerstone for your decision-making and strategy development.

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Get the full picture with qualitative research from Attest

Whether you’re looking for inspo, or backing up your quant research with qual context, you can run your research studies side-by-side with Attest

You can use qualitative market research for practically every aspect of your business. But let’s highlight some of the most popular applications first:

  • Product development: Before your product hits the shelves or the digital marketplace, qualitative research helps you tune into what your customers really need and want. Insights gained can directly inform product features, design and enhancements to meet consumer needs effectively.
  • Creating data-driven marketing strategies: Armed with qualitative insights, you can craft marketing campaigns that resonate deeply with your audience. Tailored messaging and campaigns can address specific consumer pain points, preferences and values, increasing engagement and conversion rates.
  • Understanding customer perceptions: Ever wonder how your brand is viewed through the eyes of your consumers? If you haven’t, you should. It’s not something to be scared of, it’s something to learn from – through, you guessed it, qualitative research. It will uncover the perceptions, misconceptions, and the emotional ties customers have with your brand, and be a trusted guide on how to position yourself in the market.
  • Consumer segmentation: Two customers might seem alike, but not shop alike. That’s because there are underlying differences. By identifying distinct consumer segments within your broader audience, qualitative research allows for more targeted and personalized marketing efforts. Understanding the varied needs and motivations of each segment leads to more effective and efficient marketing strategies.

Beyond the usual suspects, qualitative market research has some lesser-known yet incredibly valuable applications. 

  • Examining the impact of customer service language tweaks on overall customer satisfaction and loyalty.
  • Exploring consumer reactions to different packaging materials to align brand perception with sustainability goals.
  • Refining the user experience on your website based on nuanced user feedback about navigation and content.

The possible applications of qualitative market research are limitless – and brands who experiment with really specific, seemingly small applications, often find suggestions for meaningful changes that drive big results. Just check out our customers’ stories for some inspiration.

We won’t tell you that qualitative market research is something you can do on autopilot or with your eyes closed – doing it right is challenging in some ways. But not in ways you can overcome. 

Let’s walk through some common obstacles and how to vault over them, and how using Attest can turn these challenges into opportunities for richer insights.

  • What to do : Use targeted recruitment to ensure your sample closely mirrors your target market. Attest helps you find and engage with the right participants, making even small sample sizes filled with insights.
  • What to do : Streamline the process with efficient planning and execution. Attest offers streamlined survey design and distribution tools that cut down on both time and cost, making in-depth qualitative research more accessible. And with your designated research manager to guide you , you know your studies will be well designed and give you reliable results.
  • What to do 2 : Bear in mind that good qualitative market research, with a clear purpose and action plan, will lead to better business results. It could affect your bottom line, increase sales or impact your ROI in other ways. It’s not investing in qualitative research that could cost you way more money.
  • What to do : It starts with awareness, and implementing protocols that avoid bias. Attest’s platform is designed to ensure unbiased data collection, with features that support anonymity and objectivity in responses. And this is also where you Customer Research Manager can steer you towards honest, unbiased research.
  • What to do : Make the most of technology to conduct efficient and effective research within your means. Better yet, choose Attest. You’ll get access to your very own dedicated research expert that will help you get the most value out of your research.

Get the best of quantitative and qualitative research with Attest

To ensure your market research truly hits the mark, blending the depth of qualitative insights with the breadth of quantitative data is key. For the clearest picture of your market landscape and the most informed decisions, a platform that offers both qualitative and quantitative insights is your best bet. Attest provides this comprehensive approach, equipping you with the tools to not just navigate but thrive in your market. Ready to see the full picture?

Discover how Attest can elevate your research game and support your brand’s growth with expert-backed insights.

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How to Do Market Research: The Complete Guide

Learn how to do market research with this step-by-step guide, complete with templates, tools and real-world examples.

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What are your customers’ needs? How does your product compare to the competition? What are the emerging trends and opportunities in your industry? If these questions keep you up at night, it’s time to conduct market research.

Market research plays a pivotal role in your ability to stay competitive and relevant, helping you anticipate shifts in consumer behavior and industry dynamics. It involves gathering these insights using a wide range of techniques, from surveys and interviews to data analysis and observational studies.

In this guide, we’ll explore why market research is crucial, the various types of market research, the methods used in data collection, and how to effectively conduct market research to drive informed decision-making and success.

What is market research?

Market research is the systematic process of gathering, analyzing and interpreting information about a specific market or industry. The purpose of market research is to offer valuable insight into the preferences and behaviors of your target audience, and anticipate shifts in market trends and the competitive landscape. This information helps you make data-driven decisions, develop effective strategies for your business, and maximize your chances of long-term growth.

Business intelligence insight graphic with hand showing a lightbulb with $ sign in it

Why is market research important? 

By understanding the significance of market research, you can make sure you’re asking the right questions and using the process to your advantage. Some of the benefits of market research include:

  • Informed decision-making: Market research provides you with the data and insights you need to make smart decisions for your business. It helps you identify opportunities, assess risks and tailor your strategies to meet the demands of the market. Without market research, decisions are often based on assumptions or guesswork, leading to costly mistakes.
  • Customer-centric approach: A cornerstone of market research involves developing a deep understanding of customer needs and preferences. This gives you valuable insights into your target audience, helping you develop products, services and marketing campaigns that resonate with your customers.
  • Competitive advantage: By conducting market research, you’ll gain a competitive edge. You’ll be able to identify gaps in the market, analyze competitor strengths and weaknesses, and position your business strategically. This enables you to create unique value propositions, differentiate yourself from competitors, and seize opportunities that others may overlook.
  • Risk mitigation: Market research helps you anticipate market shifts and potential challenges. By identifying threats early, you can proactively adjust their strategies to mitigate risks and respond effectively to changing circumstances. This proactive approach is particularly valuable in volatile industries.
  • Resource optimization: Conducting market research allows organizations to allocate their time, money and resources more efficiently. It ensures that investments are made in areas with the highest potential return on investment, reducing wasted resources and improving overall business performance.
  • Adaptation to market trends: Markets evolve rapidly, driven by technological advancements, cultural shifts and changing consumer attitudes. Market research ensures that you stay ahead of these trends and adapt your offerings accordingly so you can avoid becoming obsolete. 

As you can see, market research empowers businesses to make data-driven decisions, cater to customer needs, outperform competitors, mitigate risks, optimize resources and stay agile in a dynamic marketplace. These benefits make it a huge industry; the global market research services market is expected to grow from $76.37 billion in 2021 to $108.57 billion in 2026 . Now, let’s dig into the different types of market research that can help you achieve these benefits.

Types of market research 

  • Qualitative research
  • Quantitative research
  • Exploratory research
  • Descriptive research
  • Causal research
  • Cross-sectional research
  • Longitudinal research

Despite its advantages, 23% of organizations don’t have a clear market research strategy. Part of developing a strategy involves choosing the right type of market research for your business goals. The most commonly used approaches include:

1. Qualitative research

Qualitative research focuses on understanding the underlying motivations, attitudes and perceptions of individuals or groups. It is typically conducted through techniques like in-depth interviews, focus groups and content analysis — methods we’ll discuss further in the sections below. Qualitative research provides rich, nuanced insights that can inform product development, marketing strategies and brand positioning.

2. Quantitative research

Quantitative research, in contrast to qualitative research, involves the collection and analysis of numerical data, often through surveys, experiments and structured questionnaires. This approach allows for statistical analysis and the measurement of trends, making it suitable for large-scale market studies and hypothesis testing. While it’s worthwhile using a mix of qualitative and quantitative research, most businesses prioritize the latter because it is scientific, measurable and easily replicated across different experiments.

3. Exploratory research

Whether you’re conducting qualitative or quantitative research or a mix of both, exploratory research is often the first step. Its primary goal is to help you understand a market or problem so you can gain insights and identify potential issues or opportunities. This type of market research is less structured and is typically conducted through open-ended interviews, focus groups or secondary data analysis. Exploratory research is valuable when entering new markets or exploring new product ideas.

4. Descriptive research

As its name implies, descriptive research seeks to describe a market, population or phenomenon in detail. It involves collecting and summarizing data to answer questions about audience demographics and behaviors, market size, and current trends. Surveys, observational studies and content analysis are common methods used in descriptive research. 

5. Causal research

Causal research aims to establish cause-and-effect relationships between variables. It investigates whether changes in one variable result in changes in another. Experimental designs, A/B testing and regression analysis are common causal research methods. This sheds light on how specific marketing strategies or product changes impact consumer behavior.

6. Cross-sectional research

Cross-sectional market research involves collecting data from a sample of the population at a single point in time. It is used to analyze differences, relationships or trends among various groups within a population. Cross-sectional studies are helpful for market segmentation, identifying target audiences and assessing market trends at a specific moment.

7. Longitudinal research

Longitudinal research, in contrast to cross-sectional research, collects data from the same subjects over an extended period. This allows for the analysis of trends, changes and developments over time. Longitudinal studies are useful for tracking long-term developments in consumer preferences, brand loyalty and market dynamics.

Each type of market research has its strengths and weaknesses, and the method you choose depends on your specific research goals and the depth of understanding you’re aiming to achieve. In the following sections, we’ll delve into primary and secondary research approaches and specific research methods.

Primary vs. secondary market research

Market research of all types can be broadly categorized into two main approaches: primary research and secondary research. By understanding the differences between these approaches, you can better determine the most appropriate research method for your specific goals.

Primary market research 

Primary research involves the collection of original data straight from the source. Typically, this involves communicating directly with your target audience — through surveys, interviews, focus groups and more — to gather information. Here are some key attributes of primary market research:

  • Customized data: Primary research provides data that is tailored to your research needs. You design a custom research study and gather information specific to your goals.
  • Up-to-date insights: Because primary research involves communicating with customers, the data you collect reflects the most current market conditions and consumer behaviors.
  • Time-consuming and resource-intensive: Despite its advantages, primary research can be labor-intensive and costly, especially when dealing with large sample sizes or complex study designs. Whether you hire a market research consultant, agency or use an in-house team, primary research studies consume a large amount of resources and time.

Secondary market research 

Secondary research, on the other hand, involves analyzing data that has already been compiled by third-party sources, such as online research tools, databases, news sites, industry reports and academic studies.

Build your project graphic

Here are the main characteristics of secondary market research:

  • Cost-effective: Secondary research is generally more cost-effective than primary research since it doesn’t require building a research plan from scratch. You and your team can look at databases, websites and publications on an ongoing basis, without needing to design a custom experiment or hire a consultant. 
  • Leverages multiple sources: Data tools and software extract data from multiple places across the web, and then consolidate that information within a single platform. This means you’ll get a greater amount of data and a wider scope from secondary research.
  • Quick to access: You can access a wide range of information rapidly — often in seconds — if you’re using online research tools and databases. Because of this, you can act on insights sooner, rather than taking the time to develop an experiment. 

So, when should you use primary vs. secondary research? In practice, many market research projects incorporate both primary and secondary research to take advantage of the strengths of each approach.

One rule of thumb is to focus on secondary research to obtain background information, market trends or industry benchmarks. It is especially valuable for conducting preliminary research, competitor analysis, or when time and budget constraints are tight. Then, if you still have knowledge gaps or need to answer specific questions unique to your business model, use primary research to create a custom experiment. 

Market research methods

  • Surveys and questionnaires
  • Focus groups
  • Observational research
  • Online research tools
  • Experiments
  • Content analysis
  • Ethnographic research

How do primary and secondary research approaches translate into specific research methods? Let’s take a look at the different ways you can gather data: 

1. Surveys and questionnaires

Surveys and questionnaires are popular methods for collecting structured data from a large number of respondents. They involve a set of predetermined questions that participants answer. Surveys can be conducted through various channels, including online tools, telephone interviews and in-person or online questionnaires. They are useful for gathering quantitative data and assessing customer demographics, opinions, preferences and needs. On average, customer surveys have a 33% response rate , so keep that in mind as you consider your sample size.

2. Interviews

Interviews are in-depth conversations with individuals or groups to gather qualitative insights. They can be structured (with predefined questions) or unstructured (with open-ended discussions). Interviews are valuable for exploring complex topics, uncovering motivations and obtaining detailed feedback. 

3. Focus groups

The most common primary research methods are in-depth webcam interviews and focus groups. Focus groups are a small gathering of participants who discuss a specific topic or product under the guidance of a moderator. These discussions are valuable for primary market research because they reveal insights into consumer attitudes, perceptions and emotions. Focus groups are especially useful for idea generation, concept testing and understanding group dynamics within your target audience.

4. Observational research

Observational research involves observing and recording participant behavior in a natural setting. This method is particularly valuable when studying consumer behavior in physical spaces, such as retail stores or public places. In some types of observational research, participants are aware you’re watching them; in other cases, you discreetly watch consumers without their knowledge, as they use your product. Either way, observational research provides firsthand insights into how people interact with products or environments.

5. Online research tools

You and your team can do your own secondary market research using online tools. These tools include data prospecting platforms and databases, as well as online surveys, social media listening, web analytics and sentiment analysis platforms. They help you gather data from online sources, monitor industry trends, track competitors, understand consumer preferences and keep tabs on online behavior. We’ll talk more about choosing the right market research tools in the sections that follow.

6. Experiments

Market research experiments are controlled tests of variables to determine causal relationships. While experiments are often associated with scientific research, they are also used in market research to assess the impact of specific marketing strategies, product features, or pricing and packaging changes.

7. Content analysis

Content analysis involves the systematic examination of textual, visual or audio content to identify patterns, themes and trends. It’s commonly applied to customer reviews, social media posts and other forms of online content to analyze consumer opinions and sentiments.

8. Ethnographic research

Ethnographic research immerses researchers into the daily lives of consumers to understand their behavior and culture. This method is particularly valuable when studying niche markets or exploring the cultural context of consumer choices.

How to do market research

  • Set clear objectives
  • Identify your target audience
  • Choose your research methods
  • Use the right market research tools
  • Collect data
  • Analyze data 
  • Interpret your findings
  • Identify opportunities and challenges
  • Make informed business decisions
  • Monitor and adapt

Now that you have gained insights into the various market research methods at your disposal, let’s delve into the practical aspects of how to conduct market research effectively. Here’s a quick step-by-step overview, from defining objectives to monitoring market shifts.

1. Set clear objectives

When you set clear and specific goals, you’re essentially creating a compass to guide your research questions and methodology. Start by precisely defining what you want to achieve. Are you launching a new product and want to understand its viability in the market? Are you evaluating customer satisfaction with a product redesign? 

Start by creating SMART goals — objectives that are specific, measurable, achievable, relevant and time-bound. Not only will this clarify your research focus from the outset, but it will also help you track progress and benchmark your success throughout the process. 

You should also consult with key stakeholders and team members to ensure alignment on your research objectives before diving into data collecting. This will help you gain diverse perspectives and insights that will shape your research approach.

2. Identify your target audience

Next, you’ll need to pinpoint your target audience to determine who should be included in your research. Begin by creating detailed buyer personas or stakeholder profiles. Consider demographic factors like age, gender, income and location, but also delve into psychographics, such as interests, values and pain points.

The more specific your target audience, the more accurate and actionable your research will be. Additionally, segment your audience if your research objectives involve studying different groups, such as current customers and potential leads.

If you already have existing customers, you can also hold conversations with them to better understand your target market. From there, you can refine your buyer personas and tailor your research methods accordingly.

3. Choose your research methods

Selecting the right research methods is crucial for gathering high-quality data. Start by considering the nature of your research objectives. If you’re exploring consumer preferences, surveys and interviews can provide valuable insights. For in-depth understanding, focus groups or observational research might be suitable. Consider using a mix of quantitative and qualitative methods to gain a well-rounded perspective. 

You’ll also need to consider your budget. Think about what you can realistically achieve using the time and resources available to you. If you have a fairly generous budget, you may want to try a mix of primary and secondary research approaches. If you’re doing market research for a startup , on the other hand, chances are your budget is somewhat limited. If that’s the case, try addressing your goals with secondary research tools before investing time and effort in a primary research study. 

4. Use the right market research tools

Whether you’re conducting primary or secondary research, you’ll need to choose the right tools. These can help you do anything from sending surveys to customers to monitoring trends and analyzing data. Here are some examples of popular market research tools:

  • Market research software: Crunchbase is a platform that provides best-in-class company data, making it valuable for market research on growing companies and industries. You can use Crunchbase to access trusted, first-party funding data, revenue data, news and firmographics, enabling you to monitor industry trends and understand customer needs.

Market Research Graphic Crunchbase

  • Survey and questionnaire tools: SurveyMonkey is a widely used online survey platform that allows you to create, distribute and analyze surveys. Google Forms is a free tool that lets you create surveys and collect responses through Google Drive.
  • Data analysis software: Microsoft Excel and Google Sheets are useful for conducting statistical analyses. SPSS is a powerful statistical analysis software used for data processing, analysis and reporting.
  • Social listening tools: Brandwatch is a social listening and analytics platform that helps you monitor social media conversations, track sentiment and analyze trends. Mention is a media monitoring tool that allows you to track mentions of your brand, competitors and keywords across various online sources.
  • Data visualization platforms: Tableau is a data visualization tool that helps you create interactive and shareable dashboards and reports. Power BI by Microsoft is a business analytics tool for creating interactive visualizations and reports.

5. Collect data

There’s an infinite amount of data you could be collecting using these tools, so you’ll need to be intentional about going after the data that aligns with your research goals. Implement your chosen research methods, whether it’s distributing surveys, conducting interviews or pulling from secondary research platforms. Pay close attention to data quality and accuracy, and stick to a standardized process to streamline data capture and reduce errors. 

6. Analyze data

Once data is collected, you’ll need to analyze it systematically. Use statistical software or analysis tools to identify patterns, trends and correlations. For qualitative data, employ thematic analysis to extract common themes and insights. Visualize your findings with charts, graphs and tables to make complex data more understandable.

If you’re not proficient in data analysis, consider outsourcing or collaborating with a data analyst who can assist in processing and interpreting your data accurately.

Enrich your database graphic

7. Interpret your findings

Interpreting your market research findings involves understanding what the data means in the context of your objectives. Are there significant trends that uncover the answers to your initial research questions? Consider the implications of your findings on your business strategy. It’s essential to move beyond raw data and extract actionable insights that inform decision-making.

Hold a cross-functional meeting or workshop with relevant team members to collectively interpret the findings. Different perspectives can lead to more comprehensive insights and innovative solutions.

8. Identify opportunities and challenges

Use your research findings to identify potential growth opportunities and challenges within your market. What segments of your audience are underserved or overlooked? Are there emerging trends you can capitalize on? Conversely, what obstacles or competitors could hinder your progress?

Lay out this information in a clear and organized way by conducting a SWOT analysis, which stands for strengths, weaknesses, opportunities and threats. Jot down notes for each of these areas to provide a structured overview of gaps and hurdles in the market.

9. Make informed business decisions

Market research is only valuable if it leads to informed decisions for your company. Based on your insights, devise actionable strategies and initiatives that align with your research objectives. Whether it’s refining your product, targeting new customer segments or adjusting pricing, ensure your decisions are rooted in the data.

At this point, it’s also crucial to keep your team aligned and accountable. Create an action plan that outlines specific steps, responsibilities and timelines for implementing the recommendations derived from your research. 

10. Monitor and adapt

Market research isn’t a one-time activity; it’s an ongoing process. Continuously monitor market conditions, customer behaviors and industry trends. Set up mechanisms to collect real-time data and feedback. As you gather new information, be prepared to adapt your strategies and tactics accordingly. Regularly revisiting your research ensures your business remains agile and reflects changing market dynamics and consumer preferences.

Online market research sources

As you go through the steps above, you’ll want to turn to trusted, reputable sources to gather your data. Here’s a list to get you started:

  • Crunchbase: As mentioned above, Crunchbase is an online platform with an extensive dataset, allowing you to access in-depth insights on market trends, consumer behavior and competitive analysis. You can also customize your search options to tailor your research to specific industries, geographic regions or customer personas.

Product Image Advanced Search CRMConnected

  • Academic databases: Academic databases, such as ProQuest and JSTOR , are treasure troves of scholarly research papers, studies and academic journals. They offer in-depth analyses of various subjects, including market trends, consumer preferences and industry-specific insights. Researchers can access a wealth of peer-reviewed publications to gain a deeper understanding of their research topics.
  • Government and NGO databases: Government agencies, nongovernmental organizations and other institutions frequently maintain databases containing valuable economic, demographic and industry-related data. These sources offer credible statistics and reports on a wide range of topics, making them essential for market researchers. Examples include the U.S. Census Bureau , the Bureau of Labor Statistics and the Pew Research Center .
  • Industry reports: Industry reports and market studies are comprehensive documents prepared by research firms, industry associations and consulting companies. They provide in-depth insights into specific markets, including market size, trends, competitive analysis and consumer behavior. You can find this information by looking at relevant industry association databases; examples include the American Marketing Association and the National Retail Federation .
  • Social media and online communities: Social media platforms like LinkedIn or Twitter (X) , forums such as Reddit and Quora , and review platforms such as G2 can provide real-time insights into consumer sentiment, opinions and trends. 

Market research examples

At this point, you have market research tools and data sources — but how do you act on the data you gather? Let’s go over some real-world examples that illustrate the practical application of market research across various industries. These examples showcase how market research can lead to smart decision-making and successful business decisions.

Example 1: Apple’s iPhone launch

Apple ’s iconic iPhone launch in 2007 serves as a prime example of market research driving product innovation in tech. Before the iPhone’s release, Apple conducted extensive market research to understand consumer preferences, pain points and unmet needs in the mobile phone industry. This research led to the development of a touchscreen smartphone with a user-friendly interface, addressing consumer demands for a more intuitive and versatile device. The result was a revolutionary product that disrupted the market and redefined the smartphone industry.

Example 2: McDonald’s global expansion

McDonald’s successful global expansion strategy demonstrates the importance of market research when expanding into new territories. Before entering a new market, McDonald’s conducts thorough research to understand local tastes, preferences and cultural nuances. This research informs menu customization, marketing strategies and store design. For instance, in India, McDonald’s offers a menu tailored to local preferences, including vegetarian options. This market-specific approach has enabled McDonald’s to adapt and thrive in diverse global markets.

Example 3: Organic and sustainable farming

The shift toward organic and sustainable farming practices in the food industry is driven by market research that indicates increased consumer demand for healthier and environmentally friendly food options. As a result, food producers and retailers invest in sustainable sourcing and organic product lines — such as with these sustainable seafood startups — to align with this shift in consumer values. 

The bottom line? Market research has multiple use cases and is a critical practice for any industry. Whether it’s launching groundbreaking products, entering new markets or responding to changing consumer preferences, you can use market research to shape successful strategies and outcomes.

Market research templates

You finally have a strong understanding of how to do market research and apply it in the real world. Before we wrap up, here are some market research templates that you can use as a starting point for your projects:

  • Smartsheet competitive analysis templates : These spreadsheets can serve as a framework for gathering information about the competitive landscape and obtaining valuable lessons to apply to your business strategy.
  • SurveyMonkey product survey template : Customize the questions on this survey based on what you want to learn from your target customers.
  • HubSpot templates : HubSpot offers a wide range of free templates you can use for market research, business planning and more.
  • SCORE templates : SCORE is a nonprofit organization that provides templates for business plans, market analysis and financial projections.
  • SBA.gov : The U.S. Small Business Administration offers templates for every aspect of your business, including market research, and is particularly valuable for new startups. 

Strengthen your business with market research

When conducted effectively, market research is like a guiding star. Equipped with the right tools and techniques, you can uncover valuable insights, stay competitive, foster innovation and navigate the complexities of your industry.

Throughout this guide, we’ve discussed the definition of market research, different research methods, and how to conduct it effectively. We’ve also explored various types of market research and shared practical insights and templates for getting started. 

Now, it’s time to start the research process. Trust in data, listen to the market and make informed decisions that guide your company toward lasting success.

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Qualitative Research Methods: How qualitative market research can help your business

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Read on to discover five powerful qualitative research tools that will drive informed and strategic decision-making for your brand.

At Material, our goal is to propel your customer relationships from transactional to transformative, whether you’re a world-famous brand or a new business. We’ve spent decades helping brands solve major pain points and develop customer-centric experiences. Our solutions usually involve a qualitative research component—and for good reason. While quantitative research and metrics will always be important, incorporating in-depth qualitative research can foster empathy for current and potential customers and inspire strategic decision-making and forward-thinking business plans.

What is qualitative research?

Qualitative research encompasses a broad range of research techniques to solve critical business challenges and inform new strategies for growth. You’re probably familiar with the basics of qualitative research, but it can be challenging to understand how different methodologies can explain and predict consumer behavior in various target markets.

Qualitative research enables us to gather solid qualitative data to understand the drivers, motivators and factors behind current and potential customers’ purchasing decisions. Brands can then communicate more effectively, shape perceptions, and form powerful brand narratives. We’ve compiled a list of qualitative market research tools to help you create unforgettable customer experiences.

Five Qualitative Market Research Tools for Customer Experience

Focus groups.

Focus groups are a key part of qualitative research: these groups of people are comprised of a sample size of about six to eight respondents with different backgrounds and viewpoints. They usually have one thing in common: they use or don’t use a product, are familiar or unfamiliar with a brand, etc. In these in-depth group discussions, consumers are guided by a moderator. In-person focus groups are held in a facility with a one-way mirror for observation, and post pandemic, many now take place online. We sometimes use more creative or immersive settings when the project calls for it. Group discussions encourage open conversation, diversity of opinions, and idea-building inspired by a range of ideas and perspectives.

You can use focus groups and group discussions to test creative or advertising copy concepts, discuss brand perceptions, new products or services, and ideate with customers to optimize portfolio offerings. It is also typical to conduct focus groups in a variety of geographical areas (domestic or international) to enhance the quality of opinions from a range of respondents and facilitate data collection and data analysis.

Co-Creation Sessions

Co-creation sessions are another important facet of qualitative research. They’re different than focus groups and are more focused on the iteration of ideas and concepts. The facilities are locations that foster creativity and inspire differentiated thinking. These sessions can be used to understand new products, their overall look and feel, design functionality, and differentiation between other similar products. There is typically stimulus involved to immerse participants in the product or concept development/iteration process.

Co-creation sessions are an incredibly valuable element of qualitative research, because they allow customers to actively work with the products to identify pain points and suggest additional features. By involving consumers in the creation process, your product inevitably becomes more consumer focused.

SmartCommunities (Online Focus Groups)

An online platform that acts as a prolonged focus group, Material’s SmartCommunities are another great tool in the market research toolkit to encourage further ideation and provide rich insights. A brand can gain more varied audience representation since recruitment isn’t limited by geography, demographics, or socioeconomic factors. There is usually a larger base of participants, which is more cost- and time-effective. These respondents are encouraged to think through their answers to questionnaires, rather than provide opinions on the spot, which can elicit a more accurate account of specific preferences and experiences. Material’s SmartCommunity platform reveals invaluable insights and provides important qualitative data.

Ethnographic Interviews

Ethnographic interviews are one-on-one, in-depth interviews that include a participant and a moderator. This type of research typically occurs in a consumer’s home, where the individual is more likely to be comfortable enough to speak openly about their lifestyles, preferences, and beliefs. Ethnographic interviews help companies understand their consumers at more emotional and functional levels, fostering empathy and helping to uncover unmet needs or pain points.

Visiting with a consumer in their home allows us to see how shoppers interact with categories. In this type of research we observe how they navigate their kitchen, closet, or bedroom, for example. What hygiene products, cooking utensils and technology do they use? What do they see as necessary or unnecessary? What are they saving for? What do they see as a waste of money? During this fascinating ethnographic process, we also explore their motivations and discuss what propels their purchasing decisions.

Shop-Alongs

Shop-alongs are an extremely powerful tool that can be used to see the purchase journey come to life in real time. We spend time with participants in a store to observe how they interact with displays, and how they respond to the various products they encounter. We can understand how they shop for specific needs/wants, browse, make decisions, while also understanding the influence of packaging and in-store advertising. Immersive observation allows us to uncover consumer behaviors and motivations that customers don’t even consciously realize, and this information feeds into actionable strategies for brands and products across many categories.

In a nutshell: whether your brand is a startup, small business or a global company, we’re confident that our toolkit of research techniques and cutting edge methodologies will ultimately help you develop powerful marketing strategies, reach your target audience, and change your customer relationships from transactional to transformative.

When you’re ready to partner, contact Material by filling out this form.

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Marketing Research - Quantitative and Qualitative

Last updated 7 Aug 2019

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A useful way of categorising market research is to make a distinction between research that is based on hard data, and research that is based on views and opinions. This is what we mean by quantitative & qualitative research.

QUANTITATIVE RESEARCH

What is quantitative research?

  • Concerned with and based on data
  • Addresses research questions such as “how many?” “how often”, “who?”, “when?” and “where?”
  • Based on larger samples and is, therefore, more statistically valid
  • Main methods of obtaining quantitative data are the various forms of survey – i.e. telephone, postal, face-to-face and online

Advantages of quantitative research

  • Data relatively easy to analyse
  • Numerical data provides insights into relevant trends
  • Can be compared with data from other sources (e.g. competitors, history)

Drawbacks of quantitative research

  • Focuses on data rather than explaining why things happen
  • Doesn’t explain the reasons behind numerical trends
  • May lack reliability if sample size and method is not valid

QUALITATIVE RESEARCH

What is qualitative research?

  • Based on opinions, attitudes, beliefs and intentions
  • Answers research questions such as “Why”? “Would? or “How?”
  • Aims to understand why customers behave in a certain way or how they may respond to a new product or service
  • Focus groups and interviews are common methods used to collect qualitative data

Advantages of qualitative research

  • Essential for important new product development and launches
  • Focused on understanding customer needs, wants, expectations = very useful insights for a business
  • Can highlight issues that need addressing – e.g. why customers don’t buy
  • Effective way of testing elements of the marketing mix – e.g. new branding, promotional campaigns

Drawbacks of qualitative research

  • Expensive to collect and analyse – requires specialist research skills
  • Based around opinions – always a risk that sample is not representative
  • Secondary research
  • Quantitative research
  • Qualitative research
  • Primary research
  • Marketing research

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The 8 types of market research: definitions, uses and examples.

13 min read What are the different types of market research that can help you stay ahead of the curve with your marketing strategy? Understand how to use each type, and what the advantages and disadvantages are.

Market research (also called marketing research) is the action or activity of gathering information about market needs and preferences. This helps companies understand their target market — how the audience feels and behaves.

There are 8 types of market research, each with their own methods and tools:

  • Primary research
  • Secondary research
  • Qualitative research
  • Quantitative research
  • Branding research
  • Customer research
  • Competitor research
  • Product research

Let’s start our list by exploring primary and secondary research first.

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1. Primary research

Primary research is research that you collect yourself but going directly to the target market through a range of methods. Because it is data you create, you own the data set.

Two types of results — exploratory information (determines the nature of a problem that hasn’t yet been clearly defined) and conclusive information (carried out to solve a problem that exploratory research identified) — from participants are collected as raw data and then analyzed to gather insights from trends and comparisons.

This method is good for getting the views of a lot of people at one time, especially when time is short, but it comes with its own management issues. The interviewer must prepare a way to gather answers and record these, while engaging in conversation with many people.

Participants may be affected by the group setting, either from acquiescence bias (the desire to say yes to please the interviewer), dominance bias (stronger participants can alter the results from less dominant participants) or researcher bias (where the research leads or impacts the participant responses indirectly).

This provides a structured setting where the interviewer can listen to what’s being said and investigate further into an answer. The interviewer can also pick up on non-verbal cues from body language can help the interview understand where to deep-dive and broaden their understanding.

However, some of the same biases (acquiescence and researcher) still exit in this format. The method is time consuming to do the interviews and collect the data afterwards.

A survey is an excellent method for carrying out primary research as participants do need to be physically present with the interviewer to carry it out. The survey can be completed anywhere there is an internet connection, meaning there is flexibility for the participants to use different devices and for interviewers to contact participants in different geographical time-zones.Preparation is key, however, as the researchers must segment the market and create a list of participants to send the survey to. Hiring a panel or using existing marketing lists can help with this.

2. Secondary research

Secondary research is the use of data that has previously been collected, analysed and published (and therefore you do not own this data). An example of this for market research is:

Most information is freely available, so there are less costs associated with this kind of secondary research over primary research methods.

Secondary research can often be the preparation for primary research activities, providing a knowledge base. The information gathered may not provide the specific information to explain the results, which is where primary market research would be used to enhance understanding.

There is also a logistics planning need for a recording solution that can handle large datasets, since manual management of the volumes of information can be tricky.

Both primary and secondary research have its advantages and disadvantages, as we’ve seen, but they are best used when paired together. Combined, the data can give you the confidence to act knowing that any hypothesis you have is backed up.

Learn more about primary vs secondary research methods

The next market research types can be defined as qualitative and quantitative research types:

3. Qualitative research

Qualitative market research is the collection of primary or secondary data that is non-numerical in nature, and therefore hard to measure.

Researchers collect this market research type because it can add more depth to the data.

This kind of market research is used to summarise and infer, rather than pin-points an exact truth held by a target market. For example, qualitative market research can be done to find out a new target market’s reaction to a new product to translate the reaction into a clear explanation for the company.

4. Quantitative research

Quantitative research is the collection of primary or secondary data that is numerical in nature, and so can be collected more easily.

Researchers collect this market research type because it can provide historical benchmarking, based on facts and figures evidence.

There are a number of ways to collect this data — polls, surveys, desk research, web statistics, financial records — which can be exploratory in nature without a lot of depth at this stage.

Quantitative market research can create the foundation of knowledge needed by researchers to investigate hypotheses further through qualitative market research.

The next four variations of market research are specific to topics areas, that bring about specific information.:

5. Branding research

Branding market research assists a company to create, manage and maintain the company brand. This can relate to the tone, branding, images, values or identity of the company.

Research can be carried out through interviews, focus groups or surveys. For example, brand awareness surveys will ask your participants whether the brand is known to them and whether it is something they would be interested in buying.

Additional areas for brand research is also around brand loyalty, brand perception , brand positioning , brand value and brand identity .

The aim of research will be to understand how to know if:

  • Your brand is performing in relation to other competitors
  • There are areas to improve your brand activities
  • There are positives to showcase to enhance your brand’s image

6. Customer research

Customer market research looks at the key influences on your target customers and how your company can make changes to encourage sales.

The aim of this research is to know your customer inside out, and continuously learn about how they interact with the company. Some themes covered by this include:

  • Customer satisfaction – Exploring what keeps customers happy, as higher customer satisfaction is more likely to lead to increased customer retention.
  • Customer loyalty – This looks at what experiences have happened to lead to greater customer loyalty across the customer lifecycle.
  • Customer segmentation research – Discovering who the customers are, what their behaviour and preferences are and their shared characteristics.

Relevant desk research may look at historical purchase records, customer journey mapping , customer segmentation, demographics and persona templates.

Primary research, such as NPS and customer satisfaction surveys , or customer satisfaction interviews at the end of customer support calls, can also give more details.

7. Competitor research

Competitor market research is about knowing who your competition is and understanding their strengths and weaknesses, in comparison to your organization. It can also be about your competitive offering in the market, or how to approach a new market.

The aim of this research is to find ways to make your organization stand out and future planning through horizon scanning and listening to customer preferences.

For example, for competitive analysis, researchers would create a SWOT for your business and your competitors, to see how your business compares.

Primary research could interview customers about their buying preferences, while secondary sources would look at competitor’s market dominance, sales, structure and so on. With this thorough analysis, you can understand where you can change to be more competitive, and look for ideas that make you stand out.

8. Product research

Product market research is a key way to make sure your products and services are fit for launching in the market, and are performing as well as they can.

The aim of this research is to see how your product is perceived by customers, if they are providing value and working correctly. Ideas can also be formed about upgrades and future product development.

There are a number of avenues within product research:

  • Product branding – Does the product brand and design attract customers in the intended way?
  • Product feature testing – this can happen at various stages of development with target markets (in early development, between versions, before product launch, etc.) to check if there are positive reaction to new or improved features
  • Product design thinking – what solutions would solve your customers’ current or future problems?
  • Product marketing – Do the marketing messages help your product’s memorability and saleability, or can they be improved?

Primary research methods have a clear advantage in this kind of market research: Surveys can ask for rankings on the popularity or usefulness of features or conduct conjoint analysis, while in-person observation interviews (where the participant can handle a product) can be particularly useful in seeing what customers do with the product in real time.

How to use market research types in your company

In a good marketing strategy, it’s preferable to have a mixture of data across:

  • Qualitative and quantitative research
  • Primary and secondary research
  • Your specific topic area or area of focus

With these three components, you can make sure your market strategy gives you a complete picture of your market’s operational data and experience data , — what your market does and why .

Economical experience data (O data)

This type of experience data is quantitative in nature (including operations, featuring sales data, finance data and HR data ). As it can be quantified into numerical values, it can be measured over and over, providing datasets.

There is the opportunity to use a data-driven approach to understanding the results and making predictions based on historical trends.

This sort of data can be measured more easily than emotions and feelings. But it can only tell you about past activities and what happened. It can’t tell you what will happen in the future and why things will happen — this is where X data comes in.

Emotional experience data (X data)

This type of experience data seeks to find reasons to explain emotional decisions and how brands ‘sit’ in people’s minds. In this way, this data is qualitative in nature.

Companies that have X data have a ‘mental advantage’ over other companies,  as they are able to understand the perceptions of the customer, their needs and values.

When you have tangible insights on the audience’s needs, you can then take steps to meet those needs and solve problems. This mitigates the risk of an experience gap – which is what your audience expects you deliver versus what you actually deliver.

Related resources

Market intelligence 10 min read, marketing insights 11 min read, ethnographic research 11 min read, qualitative vs quantitative research 13 min read, qualitative research questions 11 min read, qualitative research design 12 min read, primary vs secondary research 14 min read, request demo.

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Types of market research: Methods and examples

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Here at GWI we publish a steady stream of blogs, reports, and other resources that dig deep into specific market research topics.

But what about the folks who’d appreciate a more general overview of market research that explains the big picture? Don’t they deserve some love too?

Of course they do. That’s why we’ve created this overview guide focusing on types of market research and examples. With so many market research companies to choose from, having a solid general understanding of how this sector works is essential for any brand or business that wants to pick the right market research partner.

So with that in mind, let’s start at the very beginning and get clear on…

Market research definition

At the risk of stating the slightly obvious, market research is the gathering and analyzing of data on consumers, competitors, distributors, and markets. As such it’s not quite the same as consumer research , but there’s significant overlap.

Market research matters because it can help you take the guesswork out of getting through to audiences. By studying consumers and gathering information on their likes, dislikes, and so on, brands can make evidence-based decisions instead of relying on instinct or experience. 

qualitative market research business

What is market research?

Market research is the organized gathering of information about target markets and consumers’ needs and preferences. It’s an important component of business strategy and a major factor in maintaining competitiveness.

If a business wants to know – really know – what sort of products or services consumers want to buy, along with where, when, and how those products and services should be marketed, it just makes sense to ask the prospective audience. 

Without the certainty that market research brings, a business is basically hoping for the best. And while we salute their optimism, that’s not exactly a reliable strategy for success.

What are the types of market research?

Primary research .

Primary research is a type of market research you either conduct yourself or hire someone to do on your behalf.

A classic example of primary research involves going directly to a source – typically customers or prospective customers in your target market – to ask questions and gather information about a product or service. Interviewing methods include in-person, online surveys, phone calls, and focus groups.

The big advantage of primary research is that it’s directly focused on your objectives, so the outcome will be conclusive, detailed insights – particularly into customer views – making it the gold standard.

The disadvantages are it can be time-consuming and potentially costly, plus there’s a risk of survey bias creeping in, in the sense that research samples may not be representative of the wider group.

Secondary research 

Primary market research means you collect the data your business needs, whereas the types of market research known as secondary market research use information that’s already been gathered for other purposes but can still be valuable. Examples include published market studies, white papers, analyst reports, customer emails, and customer surveys/feedback.

For many small businesses with limited budgets, secondary market research is their first choice because it’s easier to acquire and far more affordable than primary research.

Secondary research can still answer specific business questions, but with limitations. The data collected from that audience may not match your targeted audience exactly, resulting in skewed outcomes. 

A big benefit of secondary market research is helping lay the groundwork and get you ready to carry out primary market research by making sure you’re focused on what matters most.

qualitative market research business

Qualitative research

Qualitative research is one of the two fundamental types of market research. Qualitative research is about people and their opinions. Typically conducted by asking questions either one-on-one or in groups, qualitative research can help you define problems and learn about customers’ opinions, values, and beliefs.

Classic examples of qualitative research are long-answer questions like “Why do you think this product is better than competitive products? Why do you think it’s not?”, or “How would you improve this new service to make it more appealing?”

Because qualitative research generally involves smaller sample sizes than its close cousin quantitative research, it gives you an anecdotal overview of your subject, rather than highly detailed information that can help predict future performance.

Qualitative research is particularly useful if you’re developing a new product, service, website or ad campaign and want to get some feedback before you commit a large budget to it.

Quantitative research

If qualitative research is all about opinions, quantitative research is all about numbers, using math to uncover insights about your audience. 

Typical quantitative research questions are things like, “What’s the market size for this product?” or “How long are visitors staying on this website?”. Clearly the answers to both will be numerical.

Quantitative research usually involves questionnaires. Respondents are asked to complete the survey, which marketers use to understand consumer needs, and create strategies and marketing plans.

Importantly, because quantitative research is math-based, it’s statistically valid, which means you’re in a good position to use it to predict the future direction of your business.

Consumer research 

As its name implies, consumer research gathers information about consumers’ lifestyles, behaviors, needs and preferences, usually in relation to a particular product or service. It can include both quantitative and qualitative studies.

Examples of consumer research in action include finding ways to improve consumer perception of a product, or creating buyer personas and market segments, which help you successfully market your product to different types of customers.

Understanding consumer trends , driven by consumer research, helps businesses understand customer psychology and create detailed purchasing behavior profiles. The result helps brands improve their products and services by making them more customer-centric, increasing customer satisfaction, and boosting bottom line in the process.

Product research 

Product research gives a new product (or indeed service, we don’t judge) its best chance of success, or helps an existing product improve or increase market share.

It’s common sense: by finding out what consumers want and adjusting your offering accordingly, you gain a competitive edge. It can be the difference between a product being a roaring success or an abject failure.

Examples of product research include finding ways to develop goods with a higher value, or identifying exactly where innovation effort should be focused. 

Product research goes hand-in-hand with other strands of market research, helping you make informed decisions about what consumers want, and what you can offer them.

Brand research  

Brand research is the process of gathering feedback from your current, prospective, and even past customers to understand how your brand is perceived by the market.

It covers things like brand awareness, brand perceptions, customer advocacy, advertising effectiveness, purchase channels, audience profiling, and whether or not the brand is a top consideration for consumers.

The result helps take the guesswork out of your messaging and brand strategy. Like all types of market research, it gives marketing leaders the data they need to make better choices based on fact rather than opinion or intuition.

Market research methods 

So far we’ve reviewed various different types of market research, now let’s look at market research methods, in other words the practical ways you can uncover those all-important insights.

Consumer research platform 

A consumer research platform like GWI is a smart way to find on-demand market research insights in seconds.

In a world of fluid markets and changing attitudes, a detailed understanding of your consumers, developed using the right research platform, enables you to stop guessing and start knowing.

As well as providing certainty, consumer research platforms massively accelerate speed to insight. Got a question? Just jump on your consumer research platform and find the answer – job done.

The ability to mine data for answers like this is empowering – suddenly you’re in the driving seat with a world of possibilities ahead of you. Compared to the most obvious alternative – commissioning third party research that could take weeks to arrive – the right consumer research platform is basically a magic wand.

Admittedly we’re biased, but GWI delivers all this and more. Take our platform for a quick spin and see for yourself.

And the downside of using a consumer research platform? Well, no data set, however fresh or thorough, can answer every question. If you need really niche insights then your best bet is custom market research , where you can ask any question you like, tailored to your exact needs.

Face-to-face interviews 

Despite the rise in popularity of online surveys , face-to-face survey interviewing – using mobile devices or even the classic paper survey – is still a popular data collection method.

In terms of advantages, face-to-face interviews help with accurate screening, in the sense the interviewee can’t easily give misleading answers about, say, their age. The interviewer can also make a note of emotions and non-verbal cues. 

On the other hand, face-to-face interviews can be costly, while the quality of data you get back often depends on the ability of the interviewer. Also, the size of the sample is limited to the size of your interviewing staff, the area in which the interviews are conducted, and the number of qualified respondents within that area.

Social listening 

Social listening is a powerful solution for brands who want to keep an ear to the ground, gathering unfiltered thoughts and opinions from consumers who are posting on social media. 

Many social listening tools store data for up to a couple of years, great for trend analysis that needs to compare current and past conversations.

Social listening isn’t limited to text. Images, videos, and emojis often help us better understand what consumers are thinking, saying, and doing better than more traditional research methods. 

Perhaps the biggest downside is there are no guarantees with social listening, and you never know what you will (or won’t) find. It can also be tricky to gauge sentiment accurately if the language used is open to misinterpretation, for example if a social media user describes something as “sick”.

There’s also a potential problem around what people say vs. what they actually do. Tweeting about the gym is a good deal easier than actually going. The wider problem – and this may shock you – is that not every single thing people write on social media is necessarily true, which means social listening can easily deliver unreliable results.

Public domain data 

Public domain data comes from think tanks and government statistics or research centers like the UK’s National Office for Statistics or the United States Census Bureau and the National Institute of Statistical Sciences. Other sources are things like research journals, news media, and academic material.

Its advantages for market research are it’s cheap (or even free), quick to access, and easily available. Public domain datasets can be huge, so potentially very rich.

On the flip side, the data can be out of date, it certainly isn’t exclusive to you, and the collection methodology can leave much to be desired. But used carefully, public domain data can be a useful source of secondary market research.

Telephone interviews 

You know the drill – you get a call from a researcher who asks you questions about a particular topic and wants to hear your opinions. Some even pay or offer other rewards for your time.

Telephone surveys are great for reaching niche groups of consumers within a specific geographic area or connected to a particular brand, or who aren’t very active in online channels. They’re not well-suited for gathering data from broad population groups, simply because of the time and labor involved.

How to use market research 

Data isn’t an end in itself; instead it’s a springboard to make other stuff happen. So once you’ve drawn conclusions from your research, it’s time to think of what you’ll actually do based on your findings.

While it’s impossible for us to give a definitive list (every use case is different), here are some suggestions to get you started.

Leverage it . Think about ways to expand the use – and value – of research data and insights, for example by using research to support business goals and functions, like sales, market share or product design.

Integrate it . Expand the value of your research data by integrating it with other data sources, internal and external. Integrating data like this can broaden your perspective and help you draw deeper insights for more confident decision-making.

Justify it . Enlist colleagues from areas that’ll benefit from the insights that research provides – that could be product management, product development, customer service, marketing, sales or many others – and build a business case for using research.

How to choose the right type of market research 

Broadly speaking, choosing the right research method depends on knowing the type of data you need to collect. To dig into ideas and opinions, choose qualitative; to do some testing, it’s quantitative you want.

There are also a bunch of practical considerations, not least cost. If a particular approach sounds great but costs the earth then clearly it’s not ideal for any brand on a budget.

Then there’s how you intend to use the actual research, your level of expertise with research data, whether you need access to historical data or just a snapshot of today, and so on.

The point is, different methods suit different situations. When choosing, you’ll want to consider what you want to achieve, what data you’ll need, the pros and cons of each method, the costs of conducting the research, and the cost of analyzing the results. 

Market research examples

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Not all data are created equal; some are structured, but most of them are unstructured. Structured and unstructured data are sourced, collected and scaled in different ways and each one resides in a different type of database.

In this article, we will take a deep dive into both types so that you can get the most out of your data.

Structured data—typically categorized as quantitative data—is highly organized and easily decipherable by  machine learning algorithms .  Developed by IBM® in 1974 , structured query language (SQL) is the programming language used to manage structured data. By using a  relational (SQL) database , business users can quickly input, search and manipulate structured data.

Examples of structured data include dates, names, addresses, credit card numbers, among others. Their benefits are tied to ease of use and access, while liabilities revolve around data inflexibility:

  • Easily used by machine learning (ML) algorithms:  The specific and organized architecture of structured data eases the manipulation and querying of ML data.
  • Easily used by business users:  Structured data do not require an in-depth understanding of different types of data and how they function. With a basic understanding of the topic relative to the data, users can easily access and interpret the data.
  • Accessible by more tools:  Since structured data predates unstructured data, there are more tools available for using and analyzing structured data.
  • Limited usage:  Data with a predefined structure can only be used for its intended purpose, which limits its flexibility and usability.
  • Limited storage options:  Structured data are usually stored in data storage systems with rigid schemas (for example, “ data warehouses ”). Therefore, changes in data requirements necessitate an update of all structured data, which leads to a massive expenditure of time and resources.
  • OLAP :  Performs high-speed, multidimensional data analysis from unified, centralized data stores.
  • SQLite : (link resides outside ibm.com)  Implements a self-contained,  serverless , zero-configuration, transactional relational database engine.
  • MySQL :  Embeds data into mass-deployed software, particularly mission-critical, heavy-load production system.
  • PostgreSQL :  Supports SQL and JSON querying as well as high-tier programming languages (C/C+, Java,  Python , among others.).
  • Customer relationship management (CRM):  CRM software runs structured data through analytical tools to create datasets that reveal customer behavior patterns and trends.
  • Online booking:  Hotel and ticket reservation data (for example, dates, prices, destinations, among others.) fits the “rows and columns” format indicative of the pre-defined data model.
  • Accounting:  Accounting firms or departments use structured data to process and record financial transactions.

Unstructured data, typically categorized as qualitative data, cannot be processed and analyzed through conventional data tools and methods. Since unstructured data does not have a predefined data model, it is best managed in  non-relational (NoSQL) databases . Another way to manage unstructured data is to use  data lakes  to preserve it in raw form.

The importance of unstructured data is rapidly increasing.  Recent projections  (link resides outside ibm.com) indicate that unstructured data is over 80% of all enterprise data, while 95% of businesses prioritize unstructured data management.

Examples of unstructured data include text, mobile activity, social media posts, Internet of Things (IoT) sensor data, among others. Their benefits involve advantages in format, speed and storage, while liabilities revolve around expertise and available resources:

  • Native format:  Unstructured data, stored in its native format, remains undefined until needed. Its adaptability increases file formats in the database, which widens the data pool and enables data scientists to prepare and analyze only the data they need.
  • Fast accumulation rates:  Since there is no need to predefine the data, it can be collected quickly and easily.
  • Data lake storage:  Allows for massive storage and pay-as-you-use pricing, which cuts costs and eases scalability.
  • Requires expertise:  Due to its undefined or non-formatted nature, data science expertise is required to prepare and analyze unstructured data. This is beneficial to data analysts but alienates unspecialized business users who might not fully understand specialized data topics or how to utilize their data.
  • Specialized tools:  Specialized tools are required to manipulate unstructured data, which limits product choices for data managers.
  • MongoDB :  Uses flexible documents to process data for cross-platform applications and services.
  • DynamoDB :  (link resides outside ibm.com) Delivers single-digit millisecond performance at any scale through built-in security, in-memory caching and backup and restore.
  • Hadoop :  Provides distributed processing of large data sets using simple programming models and no formatting requirements.
  • Azure :  Enables agile cloud computing for creating and managing apps through Microsoft’s data centers.
  • Data mining :  Enables businesses to use unstructured data to identify consumer behavior, product sentiment and purchasing patterns to better accommodate their customer base.
  • Predictive data analytics :  Alert businesses of important activity ahead of time so they can properly plan and accordingly adjust to significant market shifts.
  • Chatbots :  Perform text analysis to route customer questions to the appropriate answer sources.

While structured (quantitative) data gives a “birds-eye view” of customers, unstructured (qualitative) data provides a deeper understanding of customer behavior and intent. Let’s explore some of the key areas of difference and their implications:

  • Sources:  Structured data is sourced from GPS sensors, online forms, network logs, web server logs,  OLTP systems , among others; whereas unstructured data sources include email messages, word-processing documents, PDF files, and others.
  • Forms:  Structured data consists of numbers and values, whereas unstructured data consists of sensors, text files, audio and video files, among others.
  • Models:  Structured data has a predefined data model and is formatted to a set data structure before being placed in data storage (for example, schema-on-write), whereas unstructured data is stored in its native format and not processed until it is used (for example, schema-on-read).
  • Storage:  Structured data is stored in tabular formats (for example, excel sheets or SQL databases) that require less storage space. It can be stored in data warehouses, which makes it highly scalable. Unstructured data, on the other hand, is stored as media files or NoSQL databases, which require more space. It can be stored in data lakes, which makes it difficult to scale.
  • Uses:  Structured data is used in machine learning (ML) and drives its algorithms, whereas unstructured data is used in  natural language processing  (NLP) and text mining.

Semi-structured data (for example, JSON, CSV, XML) is the “bridge” between structured and unstructured data. It does not have a predefined data model and is more complex than structured data, yet easier to store than unstructured data.

Semi-structured data uses “metadata” (for example, tags and semantic markers) to identify specific data characteristics and scale data into records and preset fields. Metadata ultimately enables semi-structured data to be better cataloged, searched and analyzed than unstructured data.

  • Example of metadata usage:  An online article displays a headline, a snippet, a featured image, image alt-text, slug, among others, which helps differentiate one piece of web content from similar pieces.
  • Example of semi-structured data vs. structured data:  A tab-delimited file containing customer data versus a database containing CRM tables.
  • Example of semi-structured data vs. unstructured data:  A tab-delimited file versus a list of comments from a customer’s Instagram.

Recent developments in  artificial intelligence  (AI) and machine learning (ML) are driving the future wave of data, which is enhancing business intelligence and advancing industrial innovation. In particular, the data formats and models that are covered in this article are helping business users to do the following:

  • Analyze digital communications for compliance:  Pattern recognition and email threading analysis software that can search email and chat data for potential noncompliance.
  • Track high-volume customer conversations in social media:  Text analytics and sentiment analysis that enables monitoring of marketing campaign results and identifying online threats.
  • Gain new marketing intelligence:  ML analytics tools that can quickly cover massive amounts of data to help businesses analyze customer behavior.

Furthermore, smart and efficient usage of data formats and models can help you with the following:

  • Understand customer needs at a deeper level to better serve them
  • Create more focused and targeted marketing campaigns
  • Track current metrics and create new ones
  • Create better product opportunities and offerings
  • Reduce operational costs

Whether you are a seasoned data expert or a novice business owner, being able to handle all forms of data is conducive to your success. By using structured, semi-structured and unstructured data options, you can perform optimal data management that will ultimately benefit your mission.

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Business Wire

This report analyzes the competitive environment of the global cutting tools industry by region. Producer sales ($mm) and market share (%) are presented by region and competitive factors including mergers and acquisitions are discussed. Also included with an order is Volume One: Global Cutting Tools Industry Overview.

Quantitative and qualitative analyses are presented for the years 2023 through 2029, and the report has been completely revised and updated to present up-to-date trends and forecasts covering the next five years.

Global markets are broken down by consumption ($mm) by country, end-user industry, tool type, application, workpiece material, grade, distribution channels, and competitor.

Scope of Coverage

The following categories present how the data was developed, organized and is presented. Breaking the data into specific categories is essential to analyze and draw meaningful insights. The breakdowns are designed to highlight key patterns and trends in the data, as well as to facilitate comparisons between different groups or segments.

Research Objectives

  • To provide clients with the tools they need to accurately assess their market opportunities and potential;
  • To determine the size of the total market opportunity by cutting tool product types, end-user industry, workpiece materials, and grade by country;
  • To forecast future growth in each product by geographic and end-use market; and
  • To assess the competitive environment within the market including supplier sales, market share, and producer profiles.

Key Topics Covered:

Competitive Environment

  • General Factors for Competition
  • Competitive Market Factors (e.g., pricing, product development...)
  • Market Entry and New Competitors: Obstacles and Points of Entry
  • Competitive Landscape Moving Forward

Producer Market Share Breakdows

  • Comprehensive Cutting Tools Sales & Share Breakdowns by Region/Country: 2023-2024
  • European Union
  • Non-European Union
  • Latin America
  • Other Asia/Pacific
  • Rest of World
  • Tier 1 Multinationals versus Local and Regional Suppliers

Mergers and Acquisition Activity

  • Historical Mergers and Acquisition Activity
  • Recent M&A Activity
  • Current Market Contraction Trends
  • Factors in Target Selection

Product Types and Subtypes Covered

  • Milling Tools
  • End/Face Mills
  • Slot/Slit Mills
  • Plunge Mills
  • Contour Mills
  • Micromachining
  • Other/Specialty

Turning Tools

  • ISO Turning
  • Parting/Grooving

Drilling Tools

  • Standard Depth Drilling
  • Deep Hole Drilling
  • Interchangeable Tip

Other Cutting Tools

  • Indexable Inserts
  • Solid Cutting Tools

Cutting Tool Grades

  • Cemented (Tungsten) Carbides
  • High-Speed Steel (HSS)

Workpiece Materials

  • Cast Irons (K)
  • Carbon Steels (P)
  • Stainless Steels (M)
  • High-Temperature/Super Alloys (S)
  • Hardened Materials (H)
  • Non-Ferrous Metals (N)

Geographic Coverage

  • Korea (South)
  • Switzerland
  • United Kingdom
  • United States
  • Other Europe
  • Other Latin America
  • Other NAFTA

End-User Industries

  • Automation & Machinery
  • Chemical Processing
  • Communications
  • Construction
  • Defense/Military
  • Die & Mold
  • Electronics
  • Energy/Power Generation (e.g., renewables, nuclear)
  • Food, Beverage & Agriculture
  • Home Appliances
  • Infrastructure
  • Machining General
  • Medical/Research
  • Oil, Gas & Mining
  • Paper & Pulp Industry
  • Textile Manufacturing
  • Transportation (e.g., railroads, shipbuilding)

Producer Market Share Breakdows (Volume 4)

Applications Covered

  • Polishing/Lapping
  • Finishing/Deburring
  • Stock Removal

For more information about this report visit https://www.researchandmarkets.com/r/gc3hy3

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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  22. Structured vs. unstructured data: What's the difference?

    Structured data—typically categorized as quantitative data—is highly organized and easily decipherable by machine learning algorithms. Developed by IBM® in 1974, structured query language (SQL) is the programming language used to manage structured data.By using a relational (SQL) database, business users can quickly input, search and manipulate structured data.

  23. 2024 Cutting Tools Competitive Landscape Report ...

    Contacts. ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office ...

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